Is economics a positive science or a normative science?
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Economics is actually positive science.
We can define economics simply based on only positive science.
By definition, science is a positive enterprise.
Normative evaluation is something which implies a valuation of specific types of outcomes over others, this normative science would invalidate typical economic analysis by defending theory using philosophy, especially ethics, instead of mathematics, logic and statistics.
Positive science is something which implies and establishes a relationship between cause and effect.
We can define economics simply based on only positive science.
By definition, science is a positive enterprise.
Normative evaluation is something which implies a valuation of specific types of outcomes over others, this normative science would invalidate typical economic analysis by defending theory using philosophy, especially ethics, instead of mathematics, logic and statistics.
Positive science is something which implies and establishes a relationship between cause and effect.
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Economics is actually positive science.
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