THE ECONOMICS OF SCIENCE: PRODUCING AND CONSUMING KNOWLEDGE

That Economics is a science is a statement against which it is difficult to argue. Be that as it may, enquiring “what kind of science it is” (exact or social science) should be taken as a pertinent question in its own right. Economists, both those that have already made a name for themselves and those that are still learning the ropes needed to master the theoretical or applied approach, are the ones expected to have addressed, in foro interno, such dilemmas. Noteworthy, the profession is far from reaching a consensus among its members in such regard. However, investigating what sets economics apart that it finds itself in the position to judge the other sciences, actually, Science, is a track of inquiry that is rarely trodden, yet one that could prove surprising if we consider all that it may reveal. The type of judgement we are alluding to refers to one’s capacity of logical reasoning, not that of bringing to a court of justice, i.e., of identifying culprits and casualties. Economic analysis is a way of judging/reasoning about things © 2022, Amfiteatru Economic.All Rights Reserved.