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There certainly are a lot of beliefs in economics. It is not as easy to run experiments on economical theories as it is in physics, so saying "it is a science"
by kkjjkgjjgg 5y ago
There certainly are a lot of beliefs in economics. It is not as easy to run experiments on economical theories as it is in physics, so saying "it is a science" may give people the wrong impression. I agree it is a science in a way, but not really a hard science like physics or medicine.
- WalterBright 5y agoCheck out the history of pegged exchange rates, and what happens when the values of each side changes. https://en.wikipedia.org/wiki/Gresham%27s_law https://en.wikipedia.org/wiki/Gresham%27s_law