what is an positive ideals deals with economic?
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An earlier term was value-free (German: wertfrei) economics.
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An earlier term was value-free (German: wertfrei) economics. Positive economics as science, concerns analysis of economic behavior. ... For example, a positive economic theory might describe how money supply growth affects inflation, but it does not provide any instruction on what policy ought to be followed.
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Positive economics as science, concerns analysis of economic behavior. ... Positive economics as such avoids economic value judgements. For example, a positive economic theory might describe how money supply growth affects inflation, but it does not provide any instruction on what policy ought to be followed.
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