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Examples of positive economic statements are "the unemployment rate in France is higher than that in the United States," or "an increase in government spending would lower the unemployment rate". Either of these is potentially falsifiable and may be contradicted by evidence. Positive economics as such avoids economic value judgments.
Statements of fact (positive or descriptive statements), which are based upon reason and observation, and examined via the empirical method. Statements of value (normative or prescriptive statements), which encompass ethics and aesthetics, and are studied via axiology.
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 economics concept of a merit good, originated by Richard Musgrave (1957, 1959), is a commodity which is judged that an individual or society should have on the basis of some concept of benefit, rather than ability and willingness to pay. The term is, perhaps, less often used presently than it was during the 1960s to 1980s but the concept ...
But economic studies of the impact of the new tariffs that Trump imposed in his first term of office between 2017 and 2020 suggest most of the economic burden was ultimately borne by US consumers.
Positive affectivity, the psychological capability to respond positively; Positive psychology, a branch of psychology; Positive statement, in economics and philosophy, a (possibly incorrect) factual statement about what is, as opposed to what should be (a normative statement)
“Affirmations are positive statements someone says to themselves that can help shift their thoughts and behaviors,” Caroline Fenkel, an adolescent mental health expert and the chief clinical ...
An eagerly awaited jobs report released on January 10 — the first major economic report in the new year — showed employers adding a thriving 256,000 jobs to payrolls in December, exceeding the ...