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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?

To determine

Discussion around the economists having a particular expertise at making normative arguments or gaining an expertise at making positive statements.

Explanation

The positive statement refers to a proven statement but still has a lack of data to test it.

The other is a normative statements are subjective but even in such condition the economists do have the expertise which can make the statement that are based on theory and evide...

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