How Should An Economist View The Society?

Part I of Essay
? How can the distinction between philosophers and scientists be made? In the article, “A Challenge to Scientific Economics”, Louis Uchitelle focuses on the question of how an economist should view the world. Should the economists be satisfied with the approximations of the ....

Part II of Essay
.... sociology, psychology or history to their work. According to him, today, the facts and numbers are considered too much, and the morals and the society’s long term benefits are squeezed out. Math and computers have taken over noneconomic motives and the changes in the forces of human nature haven’t taken into account in the process of developing the scientific data. Uchitelle supports Heilbroner’s ideas with the quotes from other early philosophers: Joseph A. Schumpeter and Keynes. On the other hand, the modern economists reject these observati ....