Benjamin DK Wood

Blogs by author

Placing economics on the science spectrum

Where does economics fit on the spectrum of sciences? ‘Hard scientists’ argue that the subjectivity of economics research differentiates it from biology, chemistry, or other disciplines that require strict laboratory experimentation. Meanwhile, many economists try to separate their field from the ‘social sciences’ by lumping sociology, psychology, and the like into a quasi-mathematical abyss reserved for ‘touchy-feely’ subjects, unable to match the rigor required of economics research.