What is Economics?

What is economics? Is it an ideology, a philosophy, a science, or a technology? I think for most authors of basic economics textbooks and political campaigners, economics is a philosophy or ideology to tell people what they should do or believe. For most active economists working on the front line of research, economics is a science full of interesting phenomena, patterns and possible laws. However, for most professionals in business world and political leaders in government, economics is a technology to “engineer” the society. “To engineer” here means to control, operate, and manipulate. What do you, my reader, a decent citizen who would like to defend your individual freedom to the possible maximum, take economics as?

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This entry was posted in Letters to USA, People's Diplomacy, Political Economy of Democracy, Political Economy of Knowledge, Innovation, and Human Development. Bookmark the permalink.

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