The science of Economy

What sort of science is Economy?

This is, of course, a rethorical question. Let’s look again at the matter of the previous post. What is the value of Education for a society? Is it an expense in the national budget or an asset? Even modest notions of bookkeeping are enough to know that they go on opposite sides of the proverbial book.

One of the main arguments for qualification is, precisely, the acquisition of competences (at least in “bolognese”, 8-)). As a matter of fact, it is a kind of open question: the competences to be acquired are not so well defined, by a great deal of detail (unless we go down an orwellian 1984 path). It is more important the bulk, so to say, that we have an increasingly more educated population. In order to approach that goal, I’m quite sure we are not taking the path of japanese or chinese, were courses take place during work time and are payed for by the employer, at least not in such a big scale as in that countries.

So, availability of educational resources in an open way, to be used at a time convenient to the person, even if he/she is not enrolled in a formal educational institution (even a distance one), seems like a good idea. How much value does it have?

If one tries to put value in everything, money value, an accountant can rule the world. Is Economy like Accountancy or is it a true Social Science?