Topic
The argument on Economics is not a Science because it cannot undertake Repeatable Experiments
Instructions
– Economics is not science, because it cannot undertake repeatable experiments.
– You ignore an emerging body of work, some by prominent Nobel Prize winners, that is transforming economics into a field firmly grounded in fact.
Formulate your own thesis, which should indicate either agreement or disagreement with one of the sides of the debate. Clearly state your own position. At minimum, do you agree or disagree with one of the opposing sides? It is also possible to advance a more nuanced position. Do you think that both sides are partially correct, but miss some important points? Do you think one of the sides is correct, but perhaps their position requires an important alteration or clarification?
Once, you have formulated your thesis, provide arguments to support your position. You can use both historical and logical arguments to back up your answer. If you feel that the positions of the two sides call for a clarification, clarify them, but remember that the key ingredient of your essay is your arguments. The more convincing are the arguments the better. Whether you present a particular historical episode or discuss a highly abstract logical point, make sure that your line of reasoning actually supports your position.
Answer preview
There have been several arguments that have been put together to dismiss the claim that economics is not a science. On the other hand, specific scholars have put together pieces of compelling shreds of evidence that try to oppose the stand, as mentioned earlier. For instance, just like any other science, economics has a portfolio of internationally recognized and accepted laws like the law of demand and supply (Seth, 2017). This principle has been relied upon when trying to explain why certain products sell more at a given time as opposed to others. In this case, economics comes in handy to explain why this phenomenon happens across the globe.
Word count: 1098