An Indissoluble Bond Between The Science And Engineering And Economics

Along with the progress of productivity and raise of science and technology, the social economy is developing at a speed which is quite unprecedented in the eighties of the twentieth century. Meanwhile, economics had a profound reformation. The ratiocination and the accurate analysis with exacting logic became the developing trend of economics. To establishing the Nobel Prize for economics is a symbol of the trend.Economic is the only discipline of social science which is awarded the Nobel Prize. Its development isn't the supplement for concept and the simple description of economic phenomenon, but the inclining of quantifying and quantity. Therefore, the disciplines of Nobel laureates are all over the science and engineering. The laureates with background of the science and engineering advance the reformation of economics, especially expand the researching fields and methods.The laureates with different background of the science and engineering affect relevant fields. The background of physics effects important development. The essence of econometrics is built up models as the lab of economic activities. It's similar to physics. Consequently, the effect upon the econometrics isn't accidental phenomenon, and the relationship is close.Math supply not only the knowledge to mankind, but also the ability which includes the logical ratiocinations, exact calculations and accurate decisions. It's also the quality of excellent researcher of economics. As the medium of research, math has infiltrate to the almost fields of economics. They both have progressive development.The laureate with background of engineering is distinct from traditional theoretical economist. The difference is whether one introspect on the basis of specific issues. It provides not only new medium for economic research, but also the guidance of methodology.In conclusion, the modern science effects the development of economics for intersection, marginality and synthesis. Economics expand researchingfields while obtains the new concepts and methods from other disciplines, especially from the science and engineering. The promoting of intercommunion is the only way to reinforcement theory.