Greg Mankiw Quote

Positive and normative statements are fundamentally different, but they are often intertwined in a person's set of beliefs. In particular, positive views about how the world works affect normative views about what policies are desirable.


p. 28 - Principles of Economics (2015) - Ch. 2. Thinking Like an Economist


Positive and normative statements are fundamentally different, but they are often intertwined in a person's set of beliefs. In particular, positive...

Positive and normative statements are fundamentally different, but they are often intertwined in a person's set of beliefs. In particular, positive...

Positive and normative statements are fundamentally different, but they are often intertwined in a person's set of beliefs. In particular, positive...

Positive and normative statements are fundamentally different, but they are often intertwined in a person's set of beliefs. In particular, positive...