The scientific method does not apply to economics, because economics studies human behavior, which cannot be generalized.

Question

Quizplus · Accepted Answer

The scientific method can and does apply to economics. While the study of human behavior can be more complex than studying natural phenomena, economics still relies on empirical observation, data analysis, and testing of hypotheses. Economists use the scientific method to analyze economic phenomena, such as the effects of government policies or the behavior of markets. While human behavior may be variable and unpredictable, it can still be studied and analyzed with scientific rigor.

The Scientific Method Does Not Apply to Economics, Because Economics