I study economics. In the first few pages of introductory textbooks there is

I study economics. In the first few pages of introductory textbooks there is

I study economics. In the first few pages of introductory textbooks there is often a distinction between positive economics (concerned with explanation and prediction) and normative economics (concerned with what one ought to be). I have a feeling that the distinction is not as clear as economists seem to assume, but I can’t put my finger on exactly why this is. Does philosophy have anything to say about this distinction?

Read another response by Joseph G. Moore
Read another response about Ethics, Rationality
Print