New Delhi: Some academicians describe economics as science because it submits to facts, measures up to logic and defines principles that are lasting enough even in the face of a shifting global scenario. However, economic theories abound to the extent that an economist can get away with propounding personal views as ‘findings’ without having to prove any of those as viable ‘principles’ that could be explained to a person with an average intellect, in simple stipulations. Unlike science, however, economics gets mixed up with politics, often producing an unrealistic play of supply and demand and creating confusion between the role of the state and the efforts of an individual. Economic growth
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