Knowledge Claims

A while back, a claim was made in Economics by Mr Masters that ‘Economics is a study of how to make society and the world ¬†a better place and maximise society’s welfare’. Interesting claim to make, no? Isn’t Economics the study of wealth and how a country manages it’s Economy?

So how can we validate this claim? Well, we can use Deductive and Inductive Reasoning and to try and discuss this Knowledge Claim.

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