Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Economics Economics = Psychology, understand psychology to learn economics

views
     
Thinkingfox
post Jun 21 2009, 11:12 PM

Le Renard Brun Rapide
****
Senior Member
617 posts

Joined: Jun 2008
I think understanding Sociology would also contribute to increase one's knowledge on Economics. The social sciences and humanities (Economics, Psychology, Sociology, Politics, Philosophy etc. ) are usually interconnected.

For example, Capitalism and Socialism are topics that would be found in both subjects (Economics and Sociology). The justification of these ideas would be attributed to Philosophy and Ethics. These principles can be applied in Politics.
Thinkingfox
post Jun 25 2009, 04:55 PM

Le Renard Brun Rapide
****
Senior Member
617 posts

Joined: Jun 2008
QUOTE(chezzball @ Jun 22 2009, 02:44 PM)
pardon me if i'm wrong here... but to me i think psychology = sociology...at least in economics..

some example on human psychology.
when bad news come out, people has fear and they will not go out and buy stuff... and will not make any investment. so demand goes down. while shop owners see demand down, they worry their business cannot tahan so they lower their price down. while those ppl who has greed will say since the stuff so cheap now... i go borong a lot la.. when economy better i sell out all again at higher price. just some example of behavioral economics rite.. which palys major part in economics IMHO.
*
I think it's time to be more specific about what the '=' means. In my opinion, although sociology and psychology are quite similar, they have quite a number of differences, even within economic topics.

QUOTE
Psychology is an academic and applied discipline involving the systematic, and often scientific, study of human mental functions and behavior.

Source: Wikipedia
QUOTE
Sociology is a branch of the social sciences that uses systematic methods of empirical investigation and critical analysis to develop and refine a body of knowledge about human social structure and activity...

Source: Wikipedia
The difference is in the scope of study. One deals with the intrapersonal relation and the other deals with interpersonal relations. A lot of things you have described there is more interpersonal, so it's more sociology.
Thinkingfox
post Jul 5 2009, 10:23 PM

Le Renard Brun Rapide
****
Senior Member
617 posts

Joined: Jun 2008
QUOTE(WhitE LighteR @ Jun 28 2009, 07:59 AM)
What not sociology but the practice of psychology.....

it is like applied physic is to theoretical physic smile.gif
*
What are you saying is not sociology?

 

Change to:
| Lo-Fi Version
0.0169sec    0.41    6 queries    GZIP Disabled
Time is now: 26th November 2025 - 12:52 AM