The Necessity of Positive and Normative Economics Keynes once wrote: “The go-ahead of a positive science is the establishment of uniformities, of a normative science the determination of ideals.” (Blaug, 122) This is the dichotomy that economists recognize when approaching their interior(a) of study. The social scientist must recognize both positive and prescriptive distinctions, means and ends, as important factors of fruitful research. Secondly, they must understandably express the conditions and as wedlockption which theories holds in order for economics to be useful for society.
Positive science is that which is a fact of study or a fact by description. In mathematics this is the difference between the experience that the angles of a triangle resume to 180 degrees, and the definition of a triangle as a two dimensional polygon with 3 sides. In economics, much(prenominal) facts of knowledge include that money is a store of value, or facts of definition that the UN’s Human Developme...If you want to get a upright essay, order it on our website:
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