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What are two reasons why economists have a reputation for giving conflicting advice to policymakers?
Economists often give conflicting advice to policy makers for two basic reasons: 1) economists may disagree about the validity of alternative positive theories about how the world works and/or 2) economists may have different values and therefore different normative views about what policy should try to accomplish
Is economics is a positive science or a normative science?
Economics aims to be a positive science since, by definition, science is a positive enterprise. Normative evaluation necessarily implies valuation of specific types of outcomes over others, which would invalidate typical economic analysis by defending theory by using philosophy, especially ethics, instead of mathematics, statistics, and logic. While normative evaluation is important in the application of economics, especially in the field of social welfare, it is considered taboo by economists to establish economic theory, rationally or empirically, on normative science.
Why economists disagree with one another?
Because most of them still haven't worked out just what makes an economy tick, and most of them get paid well for pretending that they do.
What are normative issues?
Normative issues are special editions put out by some magazines and periodicals which use very minimalist layout and formatting. This is mainly used as a marketing ploy, since it makes the issue stand out against other magazines it may be displayed with. Although common elsewhere, it is shunned by most non-profit groups, who consider it a gimmick.
What are the advantages of normative theories?
Normative theory provides the collection of financial information.
What are two reasons why economists have a reputation for giving conflicting advice to policymakers?
Economists often give conflicting advice to policy makers for two basic reasons: 1) economists may disagree about the validity of alternative positive theories about how the world works and/or 2) economists may have different values and therefore different normative views about what policy should try to accomplish
Why economists disagree on economic issues?
Economists often disagree on economic issues due to differing theoretical perspectives, methodologies, and assumptions about human behavior and market dynamics. Variations in data interpretation and the weight given to empirical evidence can also lead to divergent conclusions. Additionally, ideological beliefs and the influence of political or social contexts further shape their opinions, resulting in a rich tapestry of debate within the field.
Why do you disagree with your dad?
I disagree with my dad because we have different perspectives or opinions on certain issues or topics.
Is economics is a positive science or a normative science?
Economics aims to be a positive science since, by definition, science is a positive enterprise. Normative evaluation necessarily implies valuation of specific types of outcomes over others, which would invalidate typical economic analysis by defending theory by using philosophy, especially ethics, instead of mathematics, statistics, and logic. While normative evaluation is important in the application of economics, especially in the field of social welfare, it is considered taboo by economists to establish economic theory, rationally or empirically, on normative science.
On which issues do you agree with Emerson that we should be self-reliant...On which issues do you disagree...Why?
copyrite
Why economists disagree with one another?
Because most of them still haven't worked out just what makes an economy tick, and most of them get paid well for pretending that they do.
On what issues does McCain disagree with GW Bush?
None
How can macro economists use the micro economic theory to guide them in their work?
economic theory can guide the economists to solve macroeconomic issues such as inflation, unemployment, deflationary and inflationary gaps, budget deficits etc.
What are normative issues?
Normative issues are special editions put out by some magazines and periodicals which use very minimalist layout and formatting. This is mainly used as a marketing ploy, since it makes the issue stand out against other magazines it may be displayed with. Although common elsewhere, it is shunned by most non-profit groups, who consider it a gimmick.
What issues did the federalists and the democratic republicans disagree on?
gay marriage ,abortions ,ext.
What are the advantages of normative theories?
Normative theory provides the collection of financial information.
What is a normative stage of educational planning?
Educational planning consists of the normative, strategic and operational stages. The normative stage is the one in which policies are developed and formed.
