Price Theory

Viac o knihe

The book explores the distinction between positive economics, which focuses on objective analysis and factual statements about economic phenomena, and normative economics, which involves value judgments and prescriptive statements about what economic policies should be. It delves into how these two branches interact and influence decision-making, providing insights into economic theory and its applications in real-world scenarios. Through various examples and discussions, it aims to enhance understanding of economic principles and their implications for society.