Abstract
Some questions about the nature of economics are raised, e.g., the one whether economics can give us universal laws describing the workings of the market. The discussion here presented refers also to the debate on the state of the economic theory in the wake of the recent global financial crises. The paper concludes that economics is unable to give us such explanations of real economic processes that do not need further investigations. Also, the author claims that due to the extensive use of metaphors and economists’ creativity in modeling economic phenomena economics is close to art, and thus one can even talk about the beauty of the science of Adam Smith.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer International Publishing Switzerland
About this paper
Cite this paper
Hardt, L. (2015). Economics – Physics of Social Sciences or Art?. In: Kielanowski, P., Bieliavsky, P., Odzijewicz, A., Schlichenmaier, M., Voronov, T. (eds) Geometric Methods in Physics. Trends in Mathematics. Birkhäuser, Cham. https://doi.org/10.1007/978-3-319-18212-4_25
Download citation
DOI: https://doi.org/10.1007/978-3-319-18212-4_25
Publisher Name: Birkhäuser, Cham
Print ISBN: 978-3-319-18211-7
Online ISBN: 978-3-319-18212-4
eBook Packages: Mathematics and StatisticsMathematics and Statistics (R0)