Chapter 11The Methods of Economics:Tools and Techniques

The reader who has reached this last chapter will, hopefully, have found out for himself the answers to the questions what do economists do and how do they go about their job. This is the best way to learn. But the student may find it useful to have the main ideas of the methods of economics now brought together.

The Social Sciences

Economics belongs to the group of subjects known as the social sciences. The term includes sociology, social psychology and political science, and the subjects share two important characteristics. They are 'social' and they are 'scientific'.

(1) ‘Social’

The subject-matter of the social sciences is human behaviour, past, present and future. There is no point ...

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