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Science is measurement, yet not all sciences can be evaluated using the same measurement

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  • Vlad NERĂU

    (The Bucharest University of Economic Studies, Romania)

Abstract

The purpose of this paper is to investigate if in Economics may take place the same type of “Darwinian Competition” that occurs in Natural Sciences and through which theories are permanently removed. Starting from how measurement, tool development and the establishment of the experiment as a research method, led to significant progress in natural science we demonstrate that the same assumptions for reducing the complexity of reality and the ontological universalism hypothesis cannot be used in Economics. The consequence of not being able to use the same methodological tools is that economics has to be content with the use of statistical laws, which merely allow the prediction of “empirical regularities” in comparison with the precision of natural sciences laws.

Suggested Citation

  • Vlad NERĂU, 2017. "Science is measurement, yet not all sciences can be evaluated using the same measurement," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(611), S), pages 161-170, Summer.
    • Handle: RePEc:agr:journl:v:xxiv:y:2017:i:2(611):p:161-170
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    References listed on IDEAS

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    1. Blyth, Mark, 2015. "Austerity: The History of a Dangerous Idea," OUP Catalogue, Oxford University Press, number 9780199389445.
    2. Adolfo Figueroa, 2016. "Rules for Scientific Research in Economics," Springer Books, Springer, number 978-3-319-30542-4, June.
    3. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
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