Positive Economics - Deepstash
Positive Economics

Positive Economics


4 ideas


383 reads


Persuasive storytelling

Learn more about economics with this collection

How to use storytelling to influence and persuade

How to create a compelling narrative

How to structure your story for maximum impact

Persuasive storytelling

Discover 49 similar ideas in

It takes just

7 mins to read

Positive Economics

Positive Economics

Positive Economics is a stream of economics that focuses on the description, quantification, and explanation of the developments in economics, the expectations, and the associated phenomena. It heavily relies on objective data analysis, relevant facts, and associated figures.


140 reads

Normative Economics

Normative Economics

Normative economics is what economists call as "what should have been" or "what ought to be" study. This stream of economics aims to determine people's desirability or lack thereof to various economic programs, situations and conditions by asking the questions: what should happen or what ough to be.

It leaves the door open for future changes, eliminates absolute statements, and provides an avenue for discussion. 


123 reads

History of Positive Economics

History of Positive Economics

The history of positive economics can be traced back to the 19th century from the ideas of John Neville Keynes and John Stuart Mill, who were early economists. 

Keynes believed that logic and methodology were imperative in the study of economics while Mill was an economist who blended economics with philosophy. Mill also approached economics from data, such as the relationship between supply and demand, rather than the value perspective approach.

Later on, these ideas were adapted by contemporary economists and developed observations to back early economic theories.


70 reads

Pros and Cons of Positive Economics

Pros and Cons of Positive Economics


  • based on objective data and fact are at our disposal to back up any claims
  • there are no value judgments in positive economics which allows policymakers to formulate the appropriate measures necessary to tackle any economic conditions


  • not everyone is concerned with the facts and there are certain economic conditions that we can base on emotions; economics isn't an exact science, therfore there are no fool-proof solutions
  • positive economics is not a one-size-fits-all approach. policies and solutions that arise from positive economics don't affect everyone the same way


50 reads



"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman

More like this

Read & Learn

20x Faster





Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.


I agree to receive email updates