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Introspection is the examination of one's own conscious thoughts and feelings. [1] In psychology, the process of introspection relies on the observation of one's mental state, while in a spiritual context it may refer to the examination of one's soul. [2]
The definition of knowledge as justified true belief is often discussed in the academic literature. An often-discussed definition characterizes knowledge as justified true belief. This definition identifies three essential features: it is (1) a belief that is (2) true and (3) justified. [21] [b] Truth is a widely accepted feature of knowledge ...
The analytical interpretation of our own memory can also be called meta memory, and is an important factor of meta cognition. The connection between our memory and our self-knowledge has been recognized for many years by leading minds in both philosophy [ 6 ] and psychology, [ 7 ] [ 8 ] yet the precise specification of the relation remains a ...
the definition of economics [2] the scope of economics as defined by its methods [3] fundamental principles and operational significance of economic theory [4] methodological individualism versus holism in economics [5] the role of simplifying assumptions such as rational choice and profit maximizing in explaining or predicting phenomena [6]
Positivism is a philosophical school that holds that all genuine knowledge is either true by definition or positive – meaning a posteriori facts derived by reason and logic from sensory experience. [1] [2] Other ways of knowing, such as intuition, introspection, or religious faith, are rejected or considered meaningless.
Epistemic modal logic is a subfield of modal logic that is concerned with reasoning about knowledge.While epistemology has a long philosophical tradition dating back to Ancient Greece, epistemic logic is a much more recent development with applications in many fields, including philosophy, theoretical computer science, artificial intelligence, economics, and linguistics.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
An example of a normative economic statement is as follows: The price of milk should be $6 a gallon to give dairy farmers a higher standard of living. This is a normative statement, because it reflects value judgments; this specific statement makes the judgment that the benefits of the policy outweigh its costs.