Is Economics a Science?

Two prominent economists, Russ Roberts from the Hoover Institute, and Noah Smith from Stony Brook University, partook in an insightful conversation on Roberts’ podcast EconTalk a few weeks ago. Though they covered many interesting topics, most provoking to me was their discussion regarding whether or not economics is a science (Found from approximately minute 14 to minute Roberts, a strong neoclassical liberal economist, fell strongly on the side that economics is not a science arguing that “economics is not much of a science in the way that people in everyday English think about it” because “it doesn’t produce reliable empirical Continue reading Is Economics a Science?