Economic science: What it is and what the scientists do not tell us

Abstract

Purpose - The purpose of this paper is to explore the view that economic science is invented to support political regimes and not to find solutions to the economic problems of the society. Design/methodology/approach - Without virtue and the sense of justice, science does not serve wisdom, and scientists are not intellectuals but mere professionals who serve their employers, unknown sometimes. Findings - Scientists and the political regimes acting in common construct the social conscience and ethical values in their society and era. Practical implications - Science does not serve the mankind. Economic science serves capitalism and globalization, economists are calculating the size of economic growth but nobody is responsible for declining welfare and deterioration of environmental conditions. Originality/value - Humanistic education is the only that can provide an ethical code to the society and bring science to the status of wisdom and scientists spiritual leaders of the society. © Emerald Group Publishing Limited.