Some researchers believe that economics has nothing to do with values. It is a neutral science. There is no difference between those who buy chemical materials to make a Medicine or make explosives. The economy looks at the relationship between the quantities required and prices
Economics must be considered complex science cuz all of us need rules of theories in order to explain contemporary issues
We believe in normative aspects of economics which is known for value addition process
Yaşar Alkan teşekkür ederim, I agree with you, so that implies that economics is a neutral science that lacks rules and theories to direct it for the good.
Anjay kumar Mishra Thank you very much, you mean it is a neutral science that needs criteria and regulations to add value and control, true?
Economics, like any scientific field, cannot possess any qualities. Economics, like any scientific field, cannot possess any qualities. The economy describes a certain way of doing business. How this method is correct decides the person. Analog for example is mathematics, phylosophy... As for me knowledge is useful, useless or neutral depending on the ultimate goal of the one who uses them.
Dear Kt Hattab,
An interesting question. In my opinion, economics is a neutral science in terms of valuation. In my opinion, it is not only neutral in terms of valuing the processes of host reality described by economic concepts, but should be neutral. One of the areas of economics in which value judgments are allowed is normative economics referring to the assessment of economic processes that will occur in the future or which are planned for implementation in the future. In this respect, economics is a tool for debates, discussions, brainstorming at the academic level but also in the pre-election debates in the world of politics. However, often the economics used for the needs of politicians, in the field of electoral programs, social and economic policy projects are created abuses. Often in such political applications of economic knowledge selectively selectively some theories, concepts from the history of economic thought, selected economic laws, specific dependencies, etc. which perfectly serve to explain the legitimacy of the application of a specific socio-economic policy, but usually do not include the holistically described economic reality, they do not represent all economic knowledge comprehensively.
Best wishes
Kateryna Vovk thank you for your good comment, but I think that economic theory terminology has some Misleading terms, such as Rationality...etc
Dariusz Prokopowicz thank your for your good comment, Can economics be like gambling, magic or astrology, which means that it will be used to achieve negative results, no matter how useful they appear?
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