The Big Ideas: End of Chapter Problem As Nobel prize winner and New York Times columnist Paul Krugman has noted, the field of economics is a lot like the field of medicine: They are fields where knowledge is limited, and where many cures are quite painful, but where regular people care deeply about the issues. What are some other ways that economics and medicine are alike

They are not perfect sciences. You are never 100% sure of the consequences and outcome of a remedy. Medicine is a practice and economics is also a practice.

Explanation:

Applied sciences are fields of study where there is use of existing knowledge for some practical purpose.

Exact or natural sciences on the other hand provide basis on which applied sciences are practices.

Medicine and economics are applied sciences because there is no 100% certainty of the consequences or outcome of a remedy.

Economics is a social science that analyses human behaviour that is assumed to be mostly rational. However it is not an exact science because lack of consensus on hypotheses, lack of testable hypotheses, and political polarisation amongst economists.

Medicine is also not an exact science but a practical application of the knowledge of treating illnesses. In practice the outcome of treatments are not always 100% sure

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