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Positive economics

Index Positive economics

Positive economics (as opposed to normative economics) is the branch of economics that concerns the description and explanation of economic phenomena. [1]

39 relations: An Essay on the Nature and Significance of Economic Science, Andrew Caplin, Behavior, Consumer choice, Daniel M. Hausman, David Hume, Diana Strassmann, Dichotomy, Distribution (economics), Economic methodology, Economics, Essays in Positive Economics, Fact–value distinction, Falsifiability, Feminist economics, Foundations of Economic Analysis, G. E. Moore, German language, Gunnar Myrdal, Inflation, Jean Shackelford, John Neville Keynes, Julie A. Nelson, Lionel Robbins, Milton Friedman, Money supply, Normative economics, Paul Samuelson, Philosophy and economics, Policy, Positivism, Production–possibility frontier, Richard Lipsey, Science, Stanley Wong, Supply and demand, The New Palgrave Dictionary of Economics, Theory, Value theory.

An Essay on the Nature and Significance of Economic Science

Lionel Robbins' Essay (1932, 1935, 2nd ed., 158 pp.) sought to define more precisely economics as a science and to derive substantive implications.

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Andrew Caplin

Andrew S. Caplin (born 15 June 1956 in London, England) is a British economist, now living in the United States, where he received his Ph.D. from Yale University in 1983.

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Behavior

Behavior (American English) or behaviour (Commonwealth English) is the range of actions and mannerisms made by individuals, organisms, systems, or artificial entities in conjunction with themselves or their environment, which includes the other systems or organisms around as well as the (inanimate) physical environment.

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Consumer choice

The theory of consumer and choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves.

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Daniel M. Hausman

Daniel M. Hausman (born March 27, 1947 in Chicago, Illinois) is an American philosopher.

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David Hume

David Hume (born David Home; 7 May 1711 NS (26 April 1711 OS) – 25 August 1776) was a Scottish philosopher, historian, economist, and essayist, who is best known today for his highly influential system of philosophical empiricism, skepticism, and naturalism.

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Diana Strassmann

Diana Louise Strassmann is an American economist, currently Carolyn and Fred McManis Distinguished Professor of Humanities at Rice University, and also co-founder of International Association for Feminist Economics and its journal Feminist Economics.

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Dichotomy

A dichotomy is a partition of a whole (or a set) into two parts (subsets).

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Distribution (economics)

In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital).

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Economic methodology

Economic methodology is the study of methods, especially the scientific method, in relation to economics, including principles underlying economic reasoning.

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Essays in Positive Economics

Milton Friedman's book Essays in Positive Economics (1953) is a collection of earlier articles by the author with as its lead an original essay "The Methodology of Positive Economics." This essay posits Friedman's famous, but controversial, principle (called the F-Twist by Samuelson) that assumptions need not be "realistic" to serve as scientific hypotheses; they merely need to make significant predictions.

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Fact–value distinction

The fact–value distinction is the distinction between things that can be known to be true and things that are the personal preferences of individuals.

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Falsifiability

A statement, hypothesis, or theory has falsifiability (or is falsifiable) if it can logically be proven false by contradicting it with a basic statement.

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Feminist economics

Feminist economics is the critical study of economics including its methodology, epistemology, history and empirical research, attempting to overcome alleged androcentric (male and patriarchal) biases.

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Foundations of Economic Analysis

Foundations of Economic Analysis is a book by Paul A. Samuelson published in 1947 (Enlarged ed., 1983) by Harvard University Press.

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G. E. Moore

George Edward Moore (4 November 1873 – 24 October 1958), usually cited as G. E. Moore, was an English philosopher.

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German language

German (Deutsch) is a West Germanic language that is mainly spoken in Central Europe.

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Gunnar Myrdal

Karl Gunnar Myrdal (6 December 1898 – 17 May 1987) was a Swedish economist and sociologist.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Jean Shackelford

Jean A. Shackelford (born 1946), is the professor of economics emerita in the department of economics at Bucknell University, Lewisburg, central Pennsylvania, US and, from 1993 to 1995, was the president of the International Association for Feminist Economics (IAFFE).

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John Neville Keynes

John Neville Keynes (31 August 1852 – 15 November 1949) was a British economist and father of John Maynard Keynes.

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Julie A. Nelson

Julie A. Nelson (born 1956) is an American feminist economist and professor of economics at the University of Massachusetts Boston, most known for her application of feminist theory to questions of the definition of the discipline of economics, and its models and methodology.

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Lionel Robbins

Lionel Charles Robbins, Baron Robbins, (22 November 1898 – 15 May 1984) was a British economist, and prominent member of the economics department at the London School of Economics.

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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Money supply

In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.

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Normative economics

Normative economics (as opposed to positive economics) is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.

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Paul Samuelson

Paul Anthony Samuelson (15 May 1915 – 13 December 2009) was an American economist and the first American to win the Nobel Memorial Prize in Economic Sciences.

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Philosophy and economics

Philosophy and economics, also philosophy of economics, studies topics such as rational choice, the appraisal of economic outcomes, institutions and processes, and the ontology of economic phenomena and the possibilities of acquiring knowledge of them.

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Policy

A policy is a deliberate system of principles to guide decisions and achieve rational outcomes.

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Positivism

Positivism is a philosophical theory stating that certain ("positive") knowledge is based on natural phenomena and their properties and relations.

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Production–possibility frontier

A production–possibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.

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Richard Lipsey

Richard George Lipsey, (born August 28, 1928) is a Canadian academic and economist.

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Science

R. P. Feynman, The Feynman Lectures on Physics, Vol.1, Chaps.1,2,&3.

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Stanley Wong

Stanley Wong Ping Pui, also known as "Another mountain man", is a Hong Kong artist.

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Supply and demand

In microeconomics, supply and demand is an economic model of price determination in a market.

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The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.

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Theory

A theory is a contemplative and rational type of abstract or generalizing thinking, or the results of such thinking.

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Value theory

Value theory is a range of approaches to understanding how, why, and to what degree persons value things; whether the object or subject of valuing is a person, idea, object, or anything else.

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Redirects here:

Positive Economics, Value-free economics.

References

[1] https://en.wikipedia.org/wiki/Positive_economics

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