úterý 13. prosince 2005

Is Economics a science?

S&T Eurobarometer reports the average view of the Europeans (EU-25) on what is regarded as scientific. Medicine is leading on a five-point scale (4.6), Physics closely behind (4.4).

What about Economics? We got 3.2. Comparing to Horoscopes (1.9), that is quite good. But look at Astrology and Homeopathy: both of them got 3.1.

We have two interpretations of the data. The first one is that we don’t work hard; we have to present ourselves such that we get at least to the level of Psychology (3.6). The second one is plain: don’t believe voice of the European street. It is the same vox populi that, for example, considers Israel the biggest security threat for Europe