The Journal of Accounting and Management, Vol 8, No 2 (2018)

Abstract

There are still people asking if the economic science is really science. Many argue that, even if the domain has all the coordinates for being considered scientific, it cannot be because most of the phenomena are empiric and too many times the theoretical approaches are only valid in theory and the practice contradicts it. The last world economic crisis were explained only post factum and nobody can really control all the variables involved in it, many being so volatile and subjective that is hard to identify correctly. The science advocates argue that having the human behavior as a central point it is normal to be so capricious. Human behavior is based on so many variables and depends on so many influences that nobody can really describe it in theory with the same precision you can describe a physical science phenomena.