Talk:Normative economics

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I can see why it's important to distinguish between Normative and Positive Economics. Normative Economics is very speculative. It can be whatever you want it to be. It's good to have ideals and goals and normative economics allows this. I don't understand how Normative Economics can be scientific. While a scientific reason can make you change your values, values in and of themselves are not scientific.

Lacyg 01:54, 31 January 2007 (UTC)Lacy Gilstrap Microeconomics ECON 2123 W41

It can be scientific if it merely studies values and how goals can be achieved. We call that political economics. If it forms values, then 'economics' does not denote a science but economic policy. The word allows both meanings. Guido den Broeder 11:22, 10 June 2007 (UTC)

[edit] Shouldn't positive and normative be merged?

In researching the topic of postive economics it is very clear that the two can't be discussed in isolation and that the examples of what is a positive statement is also an example of what is a normative statement. I'm thinking of the example given by Roger McCain: a positive statement is that requiring that wages be equal might be inefficent and that unequal wages would be more efficient is a positive statement, but to argue, therefore wages should be allowed to be unequal is now a normative statement.

I don't know the process for initiating formal merging request.... Mulp 16:25, 6 November 2007 (UTC)

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BetacommandBot 11:31, 6 July 2007 (UTC)