Normative Economics: Difference between revisions
From Dickinson College Wiki
Jump to navigationJump to search
No edit summary |
No edit summary |
||
| Line 4: | Line 4: | ||
1) "...A body of systematized knowledge discussing criteria of what ought to be...; a system of rules for the attainment of a given end." [[Sources and Works Cited|[1]]] | 1) "...A body of systematized knowledge discussing criteria of what ought to be...; a system of rules for the attainment of a given end." [[Sources and Works Cited|[1]]] | ||
2) "Economics that tries to change the world by suggesting policies for increasing economic welfare..."[[Works Cited|[2]]] | 2) "Economics that tries to change the world by suggesting policies for increasing economic welfare..."[[Sources and Works Cited|[2]]] | ||
==History== | ==History== | ||
| Line 11: | Line 11: | ||
[[Image:fi1.jpg]] | [[Image:fi1.jpg]] | ||
Figure 1: A graph of efficiency vs. fairness[[Works Cited|[3]]] | Figure 1: A graph of efficiency vs. fairness[[Sources and Works Cited|[3]]] | ||
Revision as of 05:06, 1 May 2007
Definition
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]
History
Famous Normative Economists
Figure 1: A graph of efficiency vs. fairness[3]
