An Approach to Scientific Economics

N. Patrick Chan
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N. Patrick Chan: Senior Consultant & Partner, CGI Group, Ottawa, Ontario, Canada. 1408–1500 Riverside Drive, Ottawa, Ontario, Canada K1G 4J4, Tel: 613-731-4556.

Journal of Interdisciplinary Economics, 1995, vol. 6, issue 1, 81-99

Abstract: An interdisciplinary approach is proposed to improve scientific reliability. Economics encompasses all fields, and is governed by both natural law and human law. Universally valid relationships can be derived from the human law (e.g. on banking) to complement those of natural science. The approach is illustrated by experiments that demonstrate reliable logical relationships in human behaviour and important characteristics defining money. Science cannot predict the future, but universally valid relationships apply reliably to hypothetical circumstances. “Though we may be uncertain as to the storms that may blow, we can design to best withstand those storms we elect to define†.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:6:y:1995:i:1:p:81-99

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