Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise... If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a science. HaJoon Chang
About This Quote

Economics is not a science, but a political exercise. This quote is used to describe how economics is not based on facts or objective research. It is simply a matter of opinion. It is also used to show how economics is more political than scientific.

Source: 23 Things They Dont Tell You About Capitalism

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  5. Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies. Businesses were, so the story goes, seen as anti-social agents whose profit-seeking needed to be restrained for other, supposedly loftier, goals, such as justice, social harmony, protection...
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