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How Should An Economist View The Society?

Part one of term paper
? How can the distinction between philosophers and scientists be made? In the article, “A Challenge 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 fact ...

Part two of term paper
... Robert L. Heilbroner, N. Gregory Mankiw and Keynes. Uchitelle illustrates the challenge to scientific economists with Robert L. Heilbroner’s words: “…They favor two-dimensional models that in trying to be scientific leave out too much and leave modern economists without a true understanding of how the system works.” Mr. Heilbroner believes that modern economists don’t include other fields like sociology, psychology or history to their work. According to him, today, the facts and numbers ...

Word count: 517 | Approximate pages: 2

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