Economics as Science & Art.
The term Sciences "has been defined by Keynes as a systematized body of knowledge " which traces the relationships between causes and effects. Applying to this definition to Economics we find that it is that branch of knowledge where in the various relevant facts have been systematically collected, classified and analysed.
According to J.N Keynes " An art is a system of rules for the attainment of a given end. " Applying this definition of art, Economics may be considered an art as well. There are several branches of Economics which provide practical guidance in the solution of economics problems. It would therefore be fair to say that Economics is both a science and art simultaneously.
Cossa said,
" Science requires art and art requires science, Both are complementary to each other".
:)
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