Positive and Normative Statements: the Roots of Economics

May 9, 2018August 31, 2018 admin normative statement, positive statement

In my last post on the topic of positive and normative statements, I steered away from the importance of the difference between both. Now, I want to go a little bit further into this, since, in my opinion, this comes at the heart of Economics.

1.1.2 Reflection Theme 1

Positive and normative statements

May 2, 2018August 31, 2018 admin normative statement, positive statement

The economics A specification is filled with interesting topics like the distinction between positive and normative statements. You probably expect me to go on about the importance of the ability to distinguish between facts and opinions, and although I find this extremely important, I will not.