Economics is not a science. As much as those of us studying and practicing the discipline would like to place it in the same category as the hard, positivist sciences, the fact of the matter is that it simply isn't. Unlike the hard sciences, we cannot embark upon environmentally controlled experiments using humans as lab rats to find out the truth of a particular economic theory.
The capital market is in good shape now that our twin bourses have been de-mutualised with the view to ensure transparency, efficiency and accountability in the stock market, i.e. the ownership of stock exchanges has been separated from the management. But we still have a long way to go, especially since the market is facing a dearth of quality issues.