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Based on Oliver E. Williamson's work, is economics a purely hard science?
Yes
No, it can be a blend of soft science and hard science
No data
Depends on the perspective
Answer
No, economics is not a purely hard science. It can be a blend of soft science and hard science. This is because economics deals with human behavior, which is not always predictable. In addition, economics is often based on theories, which are not always proven. This makes economics a more subjective science than hard sciences, such as physics or chemistry.
Discovering the Economics Legacy: The Oliver E. Williamson Quiz
More Questions
Did Oliver E. Williamson receive globally recognize for his work?
Is the work of Oliver E. Williamson primarily theoretical or empirical?
Is Oliver E. Williamson known for a new interpretation of existing concepts?
Is transaction cost economics still relevant today?
Was Oliver E. Williamson's the only one to work on transaction cost economics?
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