TOK and The User’s Guide to Economics

Interviewed in the TOK Course Companion, economist Susan McDade (working with the United Nations) comments that "most economic theories" used in the West are based on "assumptions can be pointed out to be weak or not always true” and argues for a complex series of values that are typically ignored by economists. Economics, as we recognize in TOK, is very much a human science – inescapably human in its study and interpretation of aspects of human behaviour. In this ...