Economists like to think of themselves as scientists because they glean most of their insight from controlled experiments.

Question

Quizplus · Accepted Answer

Economists primarily rely on observational data and statistical analyses rather than controlled experiments, which are more commonly used in natural sciences such as physics or biology. While economists may design experiments to test certain hypotheses, these are relatively rare in the field and usually involve a limited number of subjects or scenarios.

Economists Like to Think of Themselves as Scientists Because They