Nature of Economics
Economics can be described as all of the following:
- Academic discipline – body of knowledge given to - or received by - a disciple (student); a branch or sphere of knowledge, or field of study, that an individual has chosen to specialise in.
- Field of science – widely-recognized category of specialized expertise within science, and typically embodies its own terminology and nomenclature. Such a field will usually be represented by one or more scientific journals, where peer reviewed research is published. There are many sociology-related scientific journals.
- Social science – field of academic scholarship that explores aspects of human society.
Read more about this topic: Outline Of Economics
Famous quotes containing the words nature and/or economics:
“In the domain of Political Economy, free scientific inquiry meets not merely the same enemies as in all other domains. The peculiar nature of the material it deals with, summons as foes into the field of battle the most violent, mean and malignant passions of the human breast, the Furies of private interest.”
—Karl Marx (1818–1883)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
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