What does positive economics mean?

Definitions for positive economics
pos·i·tive eco·nomics

Here are all the possible meanings and translations of the word positive economics.

Wiktionary

  1. positive economics(Noun)

    The branch of economics that concerns the description and explanation of economic phenomena and their causal relationships

Freebase

  1. Positive economics

    Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. It focuses on facts and cause-and-effect behavioral relationships and includes the development and testing of economics theories. Earlier terms were value-free economics and its German counterpart wertfrei economics. Positive economics as science, concerns analysis of economic behavior. A standard theoretical statement of positive economics as operationally meaningful theorems is in Paul Samuelson's Foundations of Economic Analysis. 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. Still, positive economics is commonly deemed necessary for the ranking of economic policies or outcomes as to acceptability, which is normative economics. Positive economics is sometimes defined as the economics of "what is", whereas normative economics discusses "what ought to be". The distinction was exposited by John Neville Keynes and elaborated by Milton Friedman in an influential 1953 essay.

How to pronounce positive economics?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
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    Veena
    Veena
    Indian

How to say positive economics in sign language?

  1. positiveeconomics

Numerology

  1. Chaldean Numerology

    The numerical value of positive economics in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of positive economics in Pythagorean Numerology is: 4

Images & Illustrations of positive economics

  1. positive economicspositive economicspositive economicspositive economicspositive economics


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"positive economics." Definitions.net. STANDS4 LLC, 2019. Web. 17 Jul 2019. <https://www.definitions.net/definition/positive+economics>.

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