The distinction between positive and normative statements is rooted in the philosophical separation of "is" (factual reality) and "ought" (value judgments). Positive economics deals with the world as ...

Economics is a field that exists between scientific objectivity and subjective interpretation. Suppose a policymaker is trying to decide whether a proposed new tax is a good idea. One economist might ...

Amsterdam, May 23, 2024 (GLOBE NEWSWIRE) -- IBFD is proud to announce the release of its latest publication in the Doctoral Series, “Robot Taxation: A Normative Tax Policy Analysis – Domestic and ...

In many social sciences, such as psychology and economics, there is an ongoing debate between whether a model should be based on Normative or Process analyses. A normative model is one which asks what ...