science - Economics Students Society of Australia

science

A collection of 3 posts

Living Economics Part 3: Consumers, producers, and the evolution of economies

Living Economics Part 3: Consumers, producers, and the evolution of economies

The first two blogs in this series have explored hidden phenomena on the demand and supply side of markets that keep our economies healthy. This third post will discuss how the desires and reactions of each individual economic actor shape the direction of an entire economy. To make it easier

Statistics, social science, and the media

Statistics, social science, and the media

Everybody likes to hear a confident opinion. Take Truman’s wish for a one-armed economist, for example, who would be unable to tell him ‘On the other hand…’. Headlines are often written with a confident certainty. Qualifications and conditions aren’t as convincing. The problem is, it can be difficult

Economics, The Science for Everyone

Economics, The Science for Everyone

There is a certain irony in economics. We economists would like to call ourselves scientists, but unlike the other scientists who are able to indulge in debate amongst the learned few of their field, economists are burdened with the obligation to debate amongst society as a whole. Where society includes