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In the philosophy of economics, economics is often divided into positive (or descriptive) and normative (or prescriptive) economics.Positive economics focuses on the description, quantification and explanation of economic phenomena, [1] while normative economics discusses prescriptions for what actions individuals or societies should or should not take.
First edition (publ. University of Chicago Press) 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."
The historical antecedents of law and economics can be traced back to the classical economists, who are credited with the foundations of modern economic thought.As early as the 18th century, Adam Smith discussed the economic effects of mercantilist legislation; later, David Ricardo opposed the British Corn Laws on the grounds that they hindered agricultural productivity; and Frédéric Bastiat ...
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The Cordillera Paine is a mountain group in Torres del Paine National Park in Chilean Patagonia.The cordillera is located 280 km (170 mi) north of Punta Arenas, and about 1,960 km (1,220 mi) south of the Chilean capital Santiago.
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The COVID-19 pandemic in Argentina is part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).As of 28 January 2025, a total of 10,110,843 people were confirmed to have been infected, and 130,737 people were known to have died because of the virus.