Why Economics Is a Science: Information, the Grand Unifier

Author(s) : Bhekuzulu Khumalo

ABSTRACT
Knowledge has always been the primary resource of human beings. The economy has always been a knowledge economy. For those having a firm grasp of knowledge know that using a stick to fend off a wild beast takes knowledge, just as landing a robot on mars takes knowledge. Knowledge is nothing more than information that we know. There is therefore a difference between information and knowledge. It is the concept of information that unites economics with all other sciences, this is only because everything is information, and information is the core of any science.

Source:

Journal: Modern Economy
DOI: 10.4236/me.2016.72020 (PDF)
Paper Id: 63721 (metadata)

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