Positive Economics - Deepstash
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 hea...

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Positive Economics

investopedia.com

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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 econo...

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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...

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Pros and Cons of Positive Economics

Pros:

  • 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 ...

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