Economics: Positive or Normative?
Channel: Asad Zaman
Date: 2023-03-02

{Writeup: bit.ly/NAIE1E} Part E of lecture 1 of A New Approach to Islamic Economics explains that Economics claims to be positive and descriptive, but is in fact normative and prescriptive. This has led to many different methodological confusions. Later segments of this lecture will sketch alternative methodologies for economics which avoid these problems. To register for the ongoing free online course, sign up at http://bit.ly/AZIEML