Normative Economics: Difference between revisions
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==Definition== | ==Definition== | ||
1) A body of systematized knowledge discussing criteria of what ought to be | |||
2) Economics that tries to change the world by suggesting policies for increasing economic welfare | |||
==History== | ==History== | ||
==Famous Normative Economists== | ==Famous Normative Economists== | ||
Revision as of 03:18, 1 May 2007
Definition
1) A body of systematized knowledge discussing criteria of what ought to be 2) Economics that tries to change the world by suggesting policies for increasing economic welfare
