Friday, March 10, 2017

Economics is Sociology Without the Human Element

This aphorism came to me in class today.


Mac said...

I'm not entirely certain that that is entirely correct, but there is a golden nugget of truth therein. Both economics and sociology are "soft" sciences exactly because of the human element.

However, sociology asks: "Why do people do what people do?" The sociologist tries to peer deep into the muddled human condition.

Economics, on the other hand, says "The economy will probably react in a certain way when people do A rather than B--unless it doesn't." The economist does not care why people do what they do, but she does look at at least part of the human element.

Mac said...

Oh my; "entirely" used twice in the same sentence. Arrgh. Time to return to 8th grade.