Economics can be called the science of common sense true or false?

Answer 1

The idea that standard (or "neoclassical") Economics is a "science of common sense" is true to the extent that it describes the common-sense decision-making processes that almost all people recognize from their own lives.The standard view approximates the reality of human decision-making, but could be improved by incorporating the advances of experimental or behavioral economics.

However, this assertion is false in the sense that standard economic analysis of decision-making is very incomplete. It does not say anything at all about what factors determine human motivation ("preferences"): it ignores such common-sense ideas as the psychological conditioning of individuals by social institutions and the physiological and psychological requirements for maintaining individual health.

The idea that standard economics is a "science of common sense" is also false because it applies what many would see as a very weak and indulgent meaning of the word "science."

Answer 2

The idea that standard economics is a science of common sense is true to the extent that it describes the common sense decision making processes that almost all people recognize from their own lives. The standard view approximates the reality of human decision making, but could be improved by incorporating the advances of experimental or behavioral economics.

Answer 3

Economics is classified as a social science?