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Positive economics focuses on the description, quantification and explanation of economic phenomena. [1] Normative economics often takes the form of discussions about fairness and what the outcome of the economy or goals of public policy ought to be , as well as prescriptions regarding rational choice (in decision theory ).
A 19th-century children's book informs its readers that the Dutch were a "very industrious race", and that Chinese children were "very obedient to their parents".. Mores (/ ˈ m ɔːr eɪ z /, sometimes / ˈ m ɔːr iː z /; [1] from Latin mōrēs [ˈmoːreːs], plural form of singular mōs, meaning "manner, custom, usage, or habit") are social norms that are widely observed within a ...
II:76, 652 His prime example of instrumental action was the same as Weber's: widespread use of utilitarian means to satisfy individual ends. [6]: 51–5, 698 His prime example of value-rational action was institutionalised rituals found in all societies: culturally prescribed but eternally legitimate ends. [6]: 467, 675–9, 717 [7]
In sociology, the ruling class of a society is the social class who set and decide the political and economic agenda of society.. In Marxist philosophy, the ruling class are the class who own the means of production in a given society and apply their cultural hegemony to determine and establish the dominant ideology (ideas, culture, mores, norms, traditions) of the society.
Value theory, also known as axiology and theory of values, is the systematic study of values.As the branch of philosophy examining which things are good and what it means for something to be good, it distinguishes different types of values and explores how they can be measured and compared.
Norms provide rules for behavior in specific situations, while values identify what should be judged as good or evil. While norms are standards, patterns, rules and guides of expected behavior, values are abstract concepts of what is important and worthwhile. Flying the national flag on a holiday is a norm, but it reflects the value of patriotism.
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A more obviously action-oriented variety of such constitutive norms (as opposed to deontic or regulatory norms) establishes social institutions which give rise to new, previously nonexistent types of actions or activities (a standard example is the institution of marriage without which "getting married" would not be a feasible action; another ...