Normative Economics: Difference between revisions

Revision as of 05:04, 1 May 2007

1) "...A body of systematized knowledge discussing criteria of what ought to be...; a system of rules for the attainment of a given end." [1]

2) "Economics that tries to change the world by suggesting policies for increasing economic welfare..."[2]

Figure 1: A graph of efficiency vs. fairness[3]

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			Figure 1: A graph of efficiency vs. fairness[[Works Cited\|[3]]]