Quote Originally Posted by yalaneri
If economics is a social science and analysis boils down to predicting human behavior? What role does influencing human behavior play in economics? In the midst of the recession(which began in 2007 but no one acknowledged till months later) we, the educated ones, were whispered that we mustn't say 'recession' because telling the truth about the recession would only exacerbate it. I see however many times on Fox News and others attempts at shaping the mind and social behavior in such a way as to influence economic and financial behavior of its viewers and society at large. If economics can be boiled down to influencing human behavior, not simply predicting it, how valid a science is economics?
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