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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 farmers deserve a higher living standard and that family farms ought to be ...
In A Treatise of Human Nature (1739), David Hume discusses the problems in grounding normative statements in positive statements; that is, in deriving ought from is.It is generally regarded that Hume considered such derivations untenable, and his 'is–ought' problem is considered a principal question of moral philosophy.
Normative statements of such a type make claims about how institutions should or ought to be designed, how to value them, which things are good or bad, and which actions are right or wrong. [8] Claims are usually contrasted with positive (i.e. descriptive, explanatory , or constative ) claims when describing types of theories , beliefs , or ...
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The essay argues that economics as science should be free of normative judgments for it to be respected as objective and to inform normative economics (for example whether to raise the minimum wage). Normative judgments frequently involve implicit predictions about the consequences of different policies. The essay suggests that such differences ...
Normative sentences imply "ought-to" (or "may", "may not") types of statements and assertions, in distinction to sentences that provide "is" (or "was", "will") types of statements and assertions. Common normative sentences include commands, permissions, and prohibitions; common normative abstract concepts include sincerity, justification, and ...
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An insistence on at least some of these statements being testable; that is, amenable to being verified, confirmed, or shown to be false by the empirical observation of reality. Statements that would, by their nature, be regarded as untestable included the teleological ; thus positivism rejects much of classical metaphysics.