never mind
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how they are connected with each other..please answer with sense...it's important
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how is economics related to social science???dude...?
- Thread starter never mind
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I didn't do it!
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Well dude, there are in fact some academic souls who consider economics as a science. The reason they do that is because they adopt the methods generally attributed to 'science' so that economics comply with the generally accepted definition of science as a 'systematic knowledge of the physical or material world gained through observation and experimentation'.
Economics forms part of the 'social sciences' because it concerns itself with the study of how individuals and social groups interact with each other to achieve their economic goals. Since Hicks formalized the Keynesian economic theory, there has been a trend towards an approach which is closer to 'natural sciences' such as physics and chemistry. This culminated in recent years in some rather bizarre publications using the terminology of quantum physics and chaos theory. This is largely the result of removing the human element from economics by postulating that humans always behave rationally and maximize their economic utility when making their decisions (homo oeconomicus). Only in recent times are economists questioning this assumption and accept the fact that elements other than economic utility have an influence on human behavior. This is called 'behavioral economics' and is bringing economics back closer to its roots as a social science.
Economics forms part of the 'social sciences' because it concerns itself with the study of how individuals and social groups interact with each other to achieve their economic goals. Since Hicks formalized the Keynesian economic theory, there has been a trend towards an approach which is closer to 'natural sciences' such as physics and chemistry. This culminated in recent years in some rather bizarre publications using the terminology of quantum physics and chaos theory. This is largely the result of removing the human element from economics by postulating that humans always behave rationally and maximize their economic utility when making their decisions (homo oeconomicus). Only in recent times are economists questioning this assumption and accept the fact that elements other than economic utility have an influence on human behavior. This is called 'behavioral economics' and is bringing economics back closer to its roots as a social science.
M
marvinmosella
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Social science is any discipline or branch of science that deals with the sociocultural aspects of human behavior.
Economics is concerned with the behavior of the society as a whole and how they react towards changes in the economy. eg, if they say fuel will increase by R2 or $2( Cause i think you r in US), many people will rush to the filling stations to fill up their car tanks. By doing they have shows a reactions towards they rise of fuel.
The social sciences generally include cultural anthropology, ECONOMICS, political science, sociology, criminology, and social psychology.
Economics is concerned with the behavior of the society as a whole and how they react towards changes in the economy. eg, if they say fuel will increase by R2 or $2( Cause i think you r in US), many people will rush to the filling stations to fill up their car tanks. By doing they have shows a reactions towards they rise of fuel.
The social sciences generally include cultural anthropology, ECONOMICS, political science, sociology, criminology, and social psychology.