Economics as Science of Experience

The philosophical origin of the western economics is rationalism and empiricism. The development of economics has been a process of rationalization, while economic concepts mainly come from experience and are put to the test of experience. In its development, economics is increasingly integrated with other disciplines. Excessive emphasis of mathematics in the research of economics is detrimental. Economic phenomena are full of uncertainty. Economists should have a strong sense of social responsibility to conduct economic researches in a historical context. Cooperation is more and more important in the research of economics.