I think economics is not science. Science is predictable and can be explored with the wisdom of human beings. Although the economy can determine the development trend in the next few years according to the current society, it cannot calculate variables. It ’s like parents often tell me, “Plan ca n’t keep up with changes.” We can never know what will happen in the future, so we ca n’t know whether there will be another financial storm in the future. Compared with science, science is not likely to change because of many variables. As long as we go to calculate science, there are basically few mistakes. There may be calculation errors, but science will not change because of the world.
Category Archives: Economics
Anh Tai Trang – Storytelling
“Elsewhere, the mosaics take the form of constellations — a reminder that the empire and its economy once dominated everywhere you could see the stars at night.”
They were right to compare economics like stars because we can see it everywhere. The economics of all countries are particularly interested in because it can evaluate how much money you hold is worth if you travel through another country. For example, 1USD = 23,000VND. It is an estimate and comparison of the economic development of each country. In addition, when it comes to economics, we always think of something very formal.
“Economics often appears to be an exercise in number-crunching, but it
actually resembles storytelling more than mathematics.”
It’s correct. Economics are calculated from mathematical numbers and used in a very logical way. But it’s not just numbers, economics is all about people’s living conditions, their relationships, big and small in the society.
I think that one should not be overemphasized because one can do something. Not to say that we should not applaud them for what they can do for the economy. What I’m talking about is honoring more standards and focus on the younger generations; The younger generation may be the next ones to be able to do more feats or “beat your high scores”. Do not put one person too high because there will be another higher than them and it will continue. I find that these readings are quite good because they contain a lot of important events that have happened and make some hidden comments in the reading. It can be seen that when we only do something small in daily life, it will also make something extremely useful for society. Just like an individual can revive a large economy and only need a little motivation in life.
Assumptions, data, and calculations
The Human Sciences gather information through various means, but almost all of them involve three factors: assumptions, data, and calculations.
Errors can occur in any of these.
- Assumptions can be wrong.
- Data can be wrong, or incomplete. It can also include too many variables, making it very difficult to reach any firm conclusions.
- Calculations can be incorrect. Simple arithmetical errors are rare in the computer age, but the choice of a particular formula (another kind of assumption) may lead to misleading results.
At one extreme, people may simply accept reports about social science research without questioning them.
At another extreme, people who become aware of the possible problems with social science research may decide not to believe any of it.
The wise middle position is to view the results of social science research critically and skeptically, but not to reject social science altogether.
The same wise middle position applies to all the other AOKs as well.
Mercator’s model of the world, and what we can learn from it
This BBC program—”Gerard Mercator: The man who revolutionised mapmaking“—is highly relevant to an issue that arises in many of the “Human Sciences”: the use of models to depict reality. Mercator’s map is a wonderful tool for navigators traveling by ship, because the parallel lines of latitude allow for accurate calculations of the best way to sail from Point A to Point B.
However, as an image of the world it is highly distorted, and illustrates the prejudices of Europeans. Europe appears to be much larger than it actually is, and is placed right in the centre of the map. Africa appears much smaller than it actually is. China is way off toward the edge. Greenland appears enormous. And so on.
These distortions would not be important if there had been other maps, equally popular and widely used, that put Africa or China or South America, say, at the centre, instead of Europe. But in fact Mercator’s image still dominates the view of the world in the West and because of this dominance, it has become, in effect, a tool of European colonialism.
In this sense, the story of Mercator’s map illustrates how important models can be in determining our view of reality, and perhaps distorting our view of reality. Conclusion? Regard all models critically! Analyze their assumptions, their omissions, the point of view they promote, etc.
In economics, for example, “gross national product” (GNP) is widely used as a measure of the economy. But what is included, and what is excluded, in the GNP? Why? Such questions can lead to a much deeper understanding than we can have if we simply accept the models presented to us.
For a more detailed discussion of Mercator’s map, try this blog post, “Your World Map is Hiding Something,” on the excellent Metrocosm web site created by Max Galka, who teaches “data wrangling and data visualization” at the University of Pennsylvania.
“I’m a social scientist”
Peter Navarro, an advisor to President Trump, made the news today by shouting at Dr. Anthony Fauci, the leading American expert on infectious diseases, about a drug that Trump thinks (without any scientific evidence) should be used to treat COVID-19.
Navarro is described on his Wikipedia page as a retired “professor of economics and public policy. . . . Navarro’s views on trade are significantly outside the mainstream of economic thought, and are widely considered fringe and misguided by other economists.”
Very few social scientists, of course, would join Navarro in claiming they should advise Dr. Fauci on the best way to treat COVID-19.
Economics is to study the law of human economic activities, that is, the law of value creation, transformation and realization. In economics, it is difficult to falsify false data, because most of the data used in the investigation are to be disclosed, and many indicators are intrinsically linked. It’s easy to find out.
Humanities refers to the science which takes the social existence of human beings as the research object and aims at revealing the essence and development law of human society.For economics, it is related to people’s psychological activities, but economics needs strong mathematical ability to create mathematical models. So I think it’s really scientific.
The human science that I am studying is Economics. In economics, false positives could be present if someone came up with some numbers that weren’t backed up by evidence or they calm up with some numbers to make themselves look better in the world of economics. This could be bad for the world because if someone had to make a difficult decision. For example, choosing whether or not to create subsidies for a certain industry, the false information could really hurt the economy of that country. Sometimes it can be really difficult to spot and call out false positives especially if the data was accumulated over multiple years as this would be hard to re-create. This could affect whole countries at a time as people would stop believing the economic information and how the country is standing in the economic world.
Human science economics
Economics is a subject that studying on how does the human have their economic activities and usually that is how the value be create, convert and using in real life. This subject refers to a lot of writing and creating in China we call this literal subject The problems that shows in the article was also happed a lot in economics, people always using plagiarism in writing and creating because this is a very hard part for most of the people so they try to done these work in an easy way especially when people trying to create something brand new. Guttenberg’s “audacious plagiarism” was stumbled upon during a routine inspection by Andrew Fischer Rescano, a law professor at the university of Bremen in Germany. This student was struggling about how to write a economic article. Economics articles always analyze human behavior and make some prediction so that it could make future activities easier. Economics is similar to other social science subject on writing and creating part.
My point of view， science is taking any object under study which means keep researching and developing. Infinite magnification and minification, the process of infinite magnification and minification and find nearly 100% of the perfect theory is how the science work. Basically scientific have a bunch of rules during studying and researching for example in physics and math there are authentic turth however in economics there are a lot of uncertainty for example in stock market there are many unknown problem which could affect the stock market a lot, so in this way economics is not scientific but a human science subject. And it is not for credibility to call them scientific because in the normal time economics have credit a lot especially when some famous economics professor post their prediction about future economics activities for a specific country.
Human sciences- Andrea
Economics is the science that studies resources, wealth creation, and the production, distribution, and consumption of goods and services, in order to meet human needs. It is a human science because their laws are empirical, this means that in order to proove each graph or data given in economic articles, it requires to have someone analyze it and also the fact that economic laws are empirical menas that they are based on experience and observarion just as any other science. Furthermore, it oversees analyzing, describing and interpreting the behavior of human beings in the economic environment.
Economics as a social and human science, is based on the study of human behavior before the relationship that exists between ends and scarce means. The main goal of studying economics is to study the correct distribution of scarce resources to satisfy the needs of the human being. In other words, it analyzes the relationship between the available resources, which are limited in nature, and the needs, which are unlimited, although hierarchical.
Some of the problems that studying economics can face are that the crises that suffer the strongest complications in the world affect all others, and all others are affected by society in all its forms: taxes, interest rates, salary developments, credits, etc. The less fiscal crisis in the stronger strategies, the more stability not only economic, but also social. So if there is a mistake in economic data or graphs it doesn’t only affect the economy of one country, but it can affect the economy of other countries that have borders or economic trades with the country that is giving wrong data or information. Therefore, in order to solve this problem, people need to be truthful and check for mistakes in the data and information that they are putting in articles.In my opinion economics is indeed a human science and it is scientific because all sciences are based on prove and theory and economics is also based on graphs and given data.
As Carl Jung said, “We need more understanding of human nature, because the only real danger that exists is man himself.” That applies to all human sciences, but I’m going to talk about economics. In this science specifically, since it involves money and human beings, most people employ any type of strategy to obtain the greatest benefit even at the expense of others. Therefore, the veracity of the data is never known, since being a human science it may be driven by corruption or various deceits.
So when it comes to economics, people are forced to inform themselves from sources with very high truthfulness. It stands to reason, when it comes to money and the well-being of their own, people forget all the ethical codes and focus exclusively on their own benefit.
Also when it comes to economics, it is not as easy as it seems to discover if someone takes advantage of the wealth or if there is a manipulation and in this science, being so extensive, it is very difficult to show the credibility of the data. It is true that every economist must gather foundations on which to support his data and conclusions in case he is ever accused of fraud or providing false information, so as not to lose his credibility.
From my point of view, the economy is scientific since it studies the way to manage the available resources to satisfy human needs. In addition, it also studies the behavior and actions of human beings.Therefore it is not only necessary to study the concepts and the economy itself, it is also necessary to study those who run our economy. Since you never know when we are facing a fraud or corruption case.
Human Science – Anh Tai Trang
In economics, there are tons of information and everyday data to consider. The final figures are not allowed to have any false information in order to keep the economic cycle in balance. There will not be any data that can be 100% certain to determine where the economy is located. But, we can make estimates based on numbers every day. Economics cannot be determined because it can go up or down at any time. Economists tend to analyze why the economy is up or down and can rely on what they see to be able to predict what will happen. In order to ensure the information was completely accurate so that economists could guess, strict laws were put in place. People are greedy and they will want more of what they possess. Therefore, corruption or bribery happen in the economy a lot. But if we rely on the economic system, we can find out that it does not fit.
Is economics science? There will be those who agree and disagree that economics is science. There is nothing wrong with that because it is the opinion of every person. But for me, I think economics is science because it relies on the facts and information of the economy to calculate as logically as possible in order to develop the economy of a country in general and the whole world. in particular.
Human sciences-Isaac Carmelo
In economics, it is very easy to get away with making up data as all economists know that people are not always truthful when it comes to money and their businesses. As half a trillion dollars of illegal drug money worldwide, there is a lot many people who will claim that as an income source. Economists can say that they were given that data and due to all the grey space within wealth and trade, their credibility can not be proved wrong as easily. As it is relatively easy to repeat a process, there are always ways that the economist can show how the data they collected would be different from the one that others collected (people being honest and just, time and year the data was collected, and the shift in businesses becoming legal (narcotics)). What economists can do is to provide hard evidence of each the data that they collected that they can hold themselves accountable for and so if they get accused of false information, they can show their data and if its all true, their credibility will go up and if not, they will have a bad reputation.
In my opinion, economics is scientific. Even tho different aspects about it that are not, they use different scientific devices and graphs to calculate data that is used worldwide and praised for. I don’t think that economics calls itself scientific just for credibility because it studies the actions and outcomes of humans and is helpful for optimizing trade and interactions between individual humans and societies.