2 ms·
Classically (read: what I was taught in AP Econ 15 years ago), "normative economics", which is prescriptive and meant to inform policy, is divided from from "po
by tomjakubowski 6y ago
Classically (read: what I was taught in AP Econ 15 years ago), "normative economics", which is prescriptive and meant to inform policy, is divided from from "positive economics", which attempts to describe and rationalize economic activity.
https://en.wikipedia.org/wiki/Normative_economics https://en.wikipedia.org/wiki/Normative_economics