Economics is Both Positive and Normative
Jean Tirole in the latest TSE Magazine:
Economics is a positive discipline as it aims to document and analyse individual and collective behaviours. It is also, and more importantly, a normative discipline as its main goal is to better the world through economic policies and recommendations.
Posted by Mark Thoma on Tuesday, October 14, 2014 at 07:55 AM in Economics, Methodology |
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