[E]conomics can never be a science in the sense that physics or chemistry is. There are many different types of economic theory, each emphasizing different aspects of a complex reality, making different moral and political value judgments and drawing different conclusions. ...[E]conomic theories constantly fail to predict real-world developments... not least because human beings have... free will, unlike chemical molecules or [other] physical objects.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "[E]conomics can never be a science in the sense that physics or chemistry is. There are many different types of economic theory, each emphasizing different aspects of a complex reality, making different moral and political value judgments and drawing different conclusions. ...[E]conomic theories constantly fail to predict real-world developments... not least because human beings have... free will, unlike chemical molecules or [other] physical objects." in the context of "" to mean that wisdom is timeless.
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About Ha-Joon Chang