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Economic science: what it is and what the scientists do not tell us

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  • Ioannis A. Kaskarelis

Abstract

Purpose - The purpose of this paper is to explore the view that economic science is invented to support political regimes and not to find solutions to the economic problems of the society. Design/methodology/approach - Without virtue and the sense of justice, science does not serve wisdom, and scientists are not intellectuals but mere professionals who serve their employers, unknown sometimes. Findings - Scientists and the political regimes acting in common construct the social conscience and ethical values in their society and era. Practical implications - Science does not serve the mankind. Economic science serves capitalism and globalization, economists are calculating the size of economic growth but nobody is responsible for declining welfare and deterioration of environmental conditions. Originality/value - Humanistic education is the only that can provide an ethical code to the society and bring science to the status of wisdom and scientists spiritual leaders of the society.

Suggested Citation

  • Ioannis A. Kaskarelis, 2007. "Economic science: what it is and what the scientists do not tell us," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 34(12), pages 914-922, October.
    • Handle: RePEc:eme:ijsepp:v:34:y:2007:i:12:p:914-922
    DOI: 10.1108/03068290710830643
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    References listed on IDEAS

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    1. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
    2. Samuel Bowles, 1998. "Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 75-111, March.
    3. Ioannis A. Kaskarelis, 2005. "If only the Humanity were Willing to Protect Environment, How would be the Day after Tomorrow?," Journal of Social and Economic Development, Institute for Social and Economic Change, Bangalore, vol. 7(2), pages 200-217, JULY-Dece.
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