Okay, I can understand that. Though I would still argue that economics is still a social science. Figuratively speaking, every action has a reaction. There are tons of variables and nothing will be absolute, but I think various economic theories would be more akin to possibilities rather than actualities. If you drop a rock, it will always drop at the same gravity constant. If you drop a bunch of money into something, so many more things may occur. Again, I wouldn't know what exactly.PaulH said:Because, ultimately, much of the world runs on two things ... monetary and fiscal policy & supply and demand. Given the nature of these policies, and the nature of human greed, they are the very least like a science.Atticus89 said:Economics is a subject that aims to analyze how goods are produced, distributed, and consumed. It's a study of how economic systems work, how it effects various aspects of society, and uses empirical data to create theories, hypothetical ideas, and processes (e.g. the idea of supply and demand).
I'm no economist nor an economy student so I can't give a better example of how economics is a social science.
I would, however, like to know how you see it as an art. I don't have the hands-on experience in the field like you do so you have me at a disadvantage.
Sure there are trends ... but everything you do when you're trading in a gamble and there are no 'sure things' ... everything is reliant on supply and demand and the human capacity for consumption.
It's an art at best ... much in the same way you can say there are basic details and core constructs in art (e.g. the 7 elements of Art; line, shape, form, color, texture, space, value...) in economics (e.g. you have; politics, trends, monetary policy, fiscal policy, employment statistics, etc) is much the same.
What causes an interest rate hikes in economics is not as cement as, say, 7 + 7 = 14 ... or the relationships of adenine and thymine & cytosine and guanine in human DNA.
As I said... as someone who engaged with the market firsthand, it's a fucking art ... as the game is set against you from the first second you jump on a platform.
Social sciences won't ever be absolute like a natural science would be but they serve to rationalize and explain certain phenomena that occur with regularity within any society. An economist might, for example, search for how and why an interest spike would occur.