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Published in:
1992 | OriginalPaper | Chapter
The Economic Science of Today and Global Disequilibrium
Author : Maurice Allais
Published in: Global Disequilibrium in the World Economy
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The essential condition of any science is the existence of regularities which can be analyzed and forecast. This is the case in celestial mechanics. But it is also true of many economic phenomena. Indeed their thorough analysis displays the existence of regularities which are just as striking as those found in the physical sciences. This is why economics is a science, and why this science rests on the same general principles and methods as physics.