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How Should An Economist View The Society?
Part 1 of Paper
....ge 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 real world or should their job be more than just numbers and facts?
According to Uchitelle, what made the early economists’ assumptions so.... Part 2 of Paper
....e 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 observations. N. Gregory Mankiw emphasizes the importance of objectivity. He defends the idea that positive statements, scientifically verifiable details, can objectiv.... |
| Number of words: 517 - Approximate pages: 2 |
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