Talk:Economics

This is the talk page for discussing improvements to the Economics article. This is not a forum for general discussion of the article's subject.

Put new text under old text. Click here to start a new topic. New to Wikipedia? Welcome! Learn to edit; get help. Assume good faith Be polite and avoid personal attacks Be welcoming to newcomers Seek dispute resolution if needed Article policies Neutral point of view No original research Verifiability

Find sources: Google (books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL

Archives: Index, 1, 2, 3, 4, 5, 6, 7, 8, 9Auto-archiving period: 3 months

This page is not a forum for general discussion about Economics. Any such comments may be removed or refactored. Please limit discussion to improvement of this article. You may wish to ask factual questions about Economics at the Reference desk.

This article is written in British English with Oxford spelling (colour, realize, organization, analyse; note that -ize is used instead of -ise) and some terms that are used in it may be different or absent from other varieties of English. According to the relevant style guide, this should not be changed without broad consensus.

	Economics is a former featured article. Please see the links under Article milestones below for its original nomination page (for older articles, check the nomination archive) and why it was removed.
	This article appeared on Wikipedia's Main Page as Today's featured article on August 3, 2004.
Article milestones Date Process Result January 19, 2004 Refreshing brilliant prose Kept April 21, 2006 Featured article review Demoted September 21, 2007 Good article nominee Not listed
Current status: Former featured article

This  level-2 vital article is rated B-class on Wikipedia's content assessment scale. It is of interest to the following WikiProjects:

Business Top‑importance This article is within the scope of WikiProject Business, a collaborative effort to improve the coverage of business articles on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.BusinessWikipedia:WikiProject BusinessTemplate:WikiProject BusinessWikiProject Business articles Top This article has been rated as Top-importance on the project's importance scale. Economics Top‑importance This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics articles Top This article has been rated as Top-importance on the project's importance scale. Finance & Investment High‑importance This article is within the scope of WikiProject Finance & Investment, a collaborative effort to improve the coverage of articles related to Finance and Investment on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.Finance & InvestmentWikipedia:WikiProject Finance & InvestmentTemplate:WikiProject Finance & InvestmentFinance & Investment articles High This article has been rated as High-importance on the project's importance scale.

The criticism section is an editor-collated assemblage of various issues that are typical of discussion, debate, and the process of improvement in any rigorous academic discipline. As such, virtually the entire section is WP:OR. If there's to be a separate criticism section, it would need to be sourced to RS that survey "criticims of economics", which is what the section purports to present. SPECIFICO talk 13:19, 14 December 2023 (UTC)[reply]

I agree. Criticism of particular view-points of specific economists does not constitute a criticism of economics as such, and should not be included in a general criticism section, which should be reserved for more fundamental, and properly sourced, critique, if any.--Økonom (talk) 09:53, 16 December 2023 (UTC)[reply]

Just wondering. 2604:3D09:D78:1000:F6F4:8026:BB0B:458D (talk) 06:02, 9 March 2024 (UTC)[reply]

Most science is inherently inductive, it's a real problem for some. Remsense诉 06:05, 9 March 2024 (UTC)[reply]

Critics of economics seem to be confused about what "science" is and just how much of it is really "predictive." Economics is a social science. Jonathan f1 (talk) 15:14, 7 June 2024 (UTC)[reply]

Contemporary economics uses mathematics. Economists draw on the tools of calculus, linear algebra, statistics, game theory, and computer science.[200] Professional economists are expected to be familiar with these tools, while a minority specialize in econometrics and mathematical methods. 2604:3D09:D78:1000:F6F4:8026:BB0B:458D (talk) 06:10, 9 March 2024 (UTC)[reply]

What is unclear about it? Remsense诉 06:14, 9 March 2024 (UTC)[reply]

This edit request has been answered. Set the |answered= or |ans= parameter to no to reactivate your request.

In the "History of economic thought" subsection, remove Qin Shi Huang from "Other notable writers from Antiquity through to the Renaissance which wrote on include Aristotle, Chanakya (also known as Kautilya), Qin Shi Huang, Ibn Khaldun, and Thomas Aquinas." To my knowledge, the emperor wrote no known treatises on anything remotely resembling economic theory. Theoskhthonios (talk) 20:37, 23 April 2024 (UTC)[reply]

In fact the entire sentence "Other notable writers from Antiquity through to the Renaissance which [sic] wrote on [what?] include Aristotle, Chanakya (also known as Kautilya), Qin Shi Huang, Ibn Khaldun, and Thomas Aquinas" is dubious since it is not supported by any evidence and consequently I have deleted it. Of course if anybody can provide a citation or citations for one or more of these, then of course reinstate it to that extent. --𝕁𝕄𝔽 (talk) 21:50, 23 April 2024 (UTC)[reply]

I think a serious case could be made that the criticism section violates the rules of the encyclopedia. The fact is, economics is recognized as a legitimate field of inquiry and a social science by major academic institutions, and almost all of these critiques are coming from outside the field. Would we have a criticism section in an article about "history" or "sociology"? There isn't any on either page.

I shouldn't have to say this, but you could find criticism of just about any subject if you look for it. The rules are clear that sourcing should always be mainstream and criticism is only warranted in special circumstances. An example of a subject that has a valid criticism section is the Evolutionary psychology article -note that the critiques are sourced to experts with backgrounds in either biology or psychology, not philosophers or scholars with no relevant background like we find in this article. I think the section should be removed. Jonathan f1 (talk) 06:22, 24 May 2024 (UTC)[reply]

The qualm is where we draw the line between reliable sources that are about the topic and those that aren't. I don't think the line is as firm as you describe. Maybe it can be presented differently, but I don't think it's reasonable to say that only economists get to be considered reliable sources for commentary on the field of economics. Perhaps the article should be weighted differently, but the logical conclusion of your argument is much more of an NPOV issue than the article as it stands IMO. Remsense诉 06:29, 24 May 2024 (UTC)[reply]

The criticism section has, justifiedly, been criticized in earlier discussions, too, cf. Talk:Economics#Criticism_section. The parts of the section that consists of criticism of particular viewpoints of specific economists should not be listed in a general criticism section. As suggested before, if a separate criticism section should be upheld at all (according to Wikipedia:Criticism, such separate sections are generally to be avoided because they introduce issues of undue weight), a minimum requirement would appear to be that it would be sourced to reliable sources that explicitly survey "criticims of economics". Økonom (talk) 18:28, 27 May 2024 (UTC)[reply]

If this were a subject like genealogy you'd have a point, but economics? The line is very clear: people who are recognized as economists and who publish research in mainstream, refereed economics journals are RS. An activist working for a think tank, a philosopher, a politician or journalist with no obvious credentials in the field are not RS. So, there's the line. Jonathan f1 (talk) 21:01, 4 June 2024 (UTC)[reply]

Time to remove it. Any valid bits belong elsewhere. SPECIFICO talk 23:39, 27 May 2024 (UTC)[reply]

Hi, I think the lead can be written a bit more intuitively, or at the very least have the intuitive writing first, and page links with technical language in brackets.

I think there also needs to be paragraph summarising the history section, which summarises ancient study, classical, a separation into Marxian, then back to Keynesian, monetarist, and list the main modern day innovations/fringes like humanistic (the page for it needs to be edited to add the alternative humanistic proposals to homo economicus) and others. Alexanderkowal (talk) 15:35, 21 June 2024 (UTC)[reply]

I dont think the fringes deserve mention in the lead tbh VineFynn (talk) 02:38, 22 June 2024 (UTC)[reply]

Yeah good point, but the body could include some more Alexanderkowal (talk) 09:59, 22 June 2024 (UTC)[reply]

I think the use of mathematics and models intended to capture reality and relationships between phenomenon needs to be mentioned Alexanderkowal (talk) 10:33, 22 June 2024 (UTC)[reply]

@Moxy I just thought the quote provided a less technical definition that will be intuitive to a lot of readers. I also think "with emphasis on autonomous market forces" should be in the lede because that isn't made clear since there isn't a separation between agents and elements. I also think there should be a paragraph summarising the history/progression of economics, and economics imperialism should be mentioned at the end because there's a lot of controversy around it within academia and we might be violating WP:NPOV Alexanderkowal (talk) 20:21, 25 June 2024 (UTC)[reply]