Essays in Positive Economics (Phoenix Books)
Edition: New Ed edition
Publisher: University Of Chicago Press
Published: August 15, 1966
Language: eng
Format: Paperback
Number of pages: 334
ISBN-13: 9780226264035
Subjects: Economic theory & philosophy; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Theory; Business & Economics / Economics / Theory; Economics - General; Addresses, essays, lectures; Economics
First sentence: IN HIS admirable book on The Scope and Method of Political Economy John Neville Keynes distinguishes among "a positive science . . . [,] a body of systematized knowledge concerning what is; a normative or regulative science . . . [,] a body of systematized knowledge discussing criteria of what ought to be . . . ; an art . . . [,] a system of rules for the attainment of a given end"; comments that "confusion between them is common and has been the source of many mischievous errors"; and urges the importance of "recognizing a distinct positive science of political economy."