NSmolenskiFan on Nostr: Yes, economics is a science. The astronomer and polymath Copernicus not only ...
Yes, economics is a science.
The astronomer and polymath Copernicus not only discovered that the Earth orbits around the sun, but argued that the quantity of money affects the purchasing power of money. He also described both Gresham’s Law and the Cantillon Effect decades before their eponymous elaborators.
The point is not who was “first” to come up with a theory (that is irrelevant for the science itself), but that multiple scientists were independently coming to the same conclusions about the social phenomenon that is money.
Observations that are considered “political” today will be simply folded into the scientific knowledge of the future. That is how progress is made.
The astronomer and polymath Copernicus not only discovered that the Earth orbits around the sun, but argued that the quantity of money affects the purchasing power of money. He also described both Gresham’s Law and the Cantillon Effect decades before their eponymous elaborators.
The point is not who was “first” to come up with a theory (that is irrelevant for the science itself), but that multiple scientists were independently coming to the same conclusions about the social phenomenon that is money.
Observations that are considered “political” today will be simply folded into the scientific knowledge of the future. That is how progress is made.