Economics as a social science even in the 21st century?
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Date
2013-08
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Technická Univerzita v Liberci
Technical university of Liberec, Czech Republic
Technical university of Liberec, Czech Republic
Abstract
Scientific disciplines undergo development in time. In case of economics, the development is so essential that there is a strong need to exclude it from the category of social sciences, where it had been placed in the past, as well as the creation of an independent group of economic sciences beside the natural and technical sciences. The need to strike out the economic sciences can be proved by a wide range of facts including the timeless validity of several economic principles. As practical illustration the functioning of the capital market has been chosen which can give the evidence that the economic reality provides a limited space to individuals for their subjective decisions unlike as in the case of social sciences thus changing many effects into fatal ones similar to the situation in natural sciences. A great attention has been paid to the creation of an independent group of economic sciences because due to the existing classification of economics as a social science particular subject of the economic life deduce inadequate expectations caused by the improper assumption of possible subjective influences on the economic development. At the same time, it must be emphasized that it is not reasonable to doubt existing relationships between economic and social sciences. On the other hand, links of economic sciences to natural sciences cannot be neglected either. Despite this fact the economic sciences cannot be identified with none of these groups, and this statement refers also to technical sciences. In terms of its subject the economic sciences are so specific for the time being that it is meaningful to separate them from the social sciences, not assign them to any scientific group, and create a new group of economic sciences.
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relationships between scientific disciplines, capital market, interest rate, production function, indifferent analysis
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978-80-7372-953-0