The rationale of this paper research concerns on epistemological perspective over methodology of positive economics, hence the interest to outline the.

Slides:



Advertisements
Similar presentations
Diversity in Management Research
Advertisements

Queensland University of Technology CRICOS No J Successfully Speaking workshop Professor Kunle Oloyede, PhD., DIC Director Higher Degrees Research.
Social Research Methods
Lesson Overview 1.1 What Is Science?.
WRITING the Research Problem.
Scientific Method and Experimentation
THINKING LIKE AN ECONOMIST Chapter 2 Copyright © 2014 by Nelson Education Ltd.2-1.
Planning an Applied Research Project Chapter 2 – Developing an Interest or Topic © 2014 by John Wiley & Sons, Inc. All rights reserved.
The Areas of Interaction are…
Chapter 2 Section 1. Objectives Be able to define: science, scientific method, system, research, hypothesis, experiment, analysis, model, theory, variable,
Macroeconomics CHAPTER 13 Fiscal Policy PowerPoint® Slides by Can Erbil © 2006 Worth Publishers, all rights reserved.
Unit 7 Seminar Fiscal Policy Chapter 13
New sources – administrative registers Genovefa RUŽIĆ.
Lesson Overview Lesson Overview What Is Science? Lesson Overview 1.1 What Is Science?
The word science comes from the Latin "scientia," meaning knowledge. Scientific Theories are not "tentative ideas" or "hunches". The word "theory" is often.
Human Sciences “The only possible conclusion the social sciences can draw is: some do and some don’t.” Ernest Rutherford.
Using Models Chapter 2-3. What is a model  Simplified representations of reality play a crucial role in economics.
Experiments. Scientists use an experiment to search for cause and effect relationships. They design an experiment so that changes to one item cause something.
Paper III Qualitative research methodology. Objective 1.2 Explain strengths and limitations of a qualitative approach to research?
Issues and Debates  Ethnocentrism  Nature-nurture  Ethics  Individual and situational explanations  Reductionism and holism  Psychology as a science.
Theory and Research Chapter 2. Concepts, Variables and Hypotheses Concepts W ords or signs that refer to phenomena that share common characteristics.
ICTE Conference Hong Kong Thinking, Problem-solving & Sustainability Howard Middleton PhD Centre for Learning Research Queensland Australia.
PHILOSOPHY AS A SECOND ORDER DISCIPLINE
Five Lessons from Economists WILLIAM F. FOX Director Center for Business and Economic Research University of Tennessee September 2006.
LECTURE 4 types of costs.
PHILOSOPHY AS A SECOND ORDER DISCIPLINE
P/E RATIO FED TAPERING.
Stabilization Policies
Created by Lynn Collins (April, 2013)
Let’s understand how this is done.
SOVEREIGN RATING OF A COUNTRY
Section 6 Lecture January 2016 Mr. Gammie
32 Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply-Side Economics Chapter Outline Keynesian Economics Monetarism The Velocity.
DIVIDEND YIELD RATIO FED TAPERING.
To what extent is unemployment rate an accurate measure of the standard of living? EQ 4-3.
MONETARY POLICY FED TAPERING.
Let’s understand how this is done.
Chapter 1 The Nature and Method of Economics
Intro to Research Methods
MYP planning: the unit planner
Economics as a social science
Introduction To Microeconomics
Statistical definitions of informal economy Informal employment
In this lecture, we will learn:
Sociology & Science: Sociology is often referred to as a ‘Social Science’ but can it truly be classified as a science? Scientific methodology can be used.
Parts of an Academic Paper
DEVALUATION, BEGGAR THY NEIGHBOR AND CURRENCY WAR
ECON2: The National Economy
Ψ Welcome to Psychology
High-Leverage Practices in Special Education: Assessment ceedar.org
Sociology & Science: Sociology is often referred to as a ‘Social Science’ but can it truly be classified as a science? Scientific methodology can be used.
Read to Learn Describe the four types of economy that the United States has experienced. Describe what is shown by GDP, the unemployment rate, rate of.
UNRAVELING YIELD CURVE
Research Methods Research Methods Lecturer/ Facilitator :
5.4 Describe the concept of an iron triangle relationship.
Social Research Methods
The Scientific Method General Psychology.
“Scope & Methods of Social Science”
Chapter 15 Fiscal Policy.
RESEARCH BASICS What is research?.
Theory of Knowledge Human sciences.
Fiscal Policy.
Chapter 15 Fiscal Policy.
Chapter 12: Gross Domestic Product and Growth Section 3
Personal Finance Retirement.
Chapter 1 The Science of Biology
Utilitarianism is a general term for any view that holds that actions and policies should be evaluated on the basis of the benefits and costs, they will.
Lesson Overview 1.1 What Is Science?.
Chapter 12: Gross Domestic Product and Growth Section 3
Statement of intent Key Stage: 5 Subject: Sociology Academic Year:
Presentation transcript:

The rationale of this paper research concerns on epistemological perspective over methodology of positive economics, hence the interest to outline the existence of the theoretical boundary between positive perspective on economics and normative perspective on economics. Positive economics relies on deduction, and this approach with more pitfalls of the classical deductive model could more integrate the two perspective on economics, as positive and normative. Positive economics is that form of economics freed of any ethical or moral content, or normative judgment. We need positive economics to discover systems made from general statements for appropriate predictions when context changes. Therefore, positive economics should make predictions. Some economist and philosophers wished that economics become a positive science like sciences derived from physics. But economics is related to human relationships, and the scientists by themselves can be a part of subject matter for investigation. Sometimes it is difficult to separate positive economics and normative economics (Koopmans, 1947). The two cannot be completely independent, because governments usually have future goals and need simulations. Simulations are to be made on the basis of already exists, so normative economics depends on positive economics. The differences in economic policy depend on differences of predictions of future economic consequences. For example, if there is economic growth, the predictions about government budget based on taxation are good. Therefore, the government will calculate that it can reduce taxation a little, without affecting the expected budget before the economic growth. Conversely, the budget might even grow a little. There is hope that the tax cuts will discourage the tax evasion and more economic agents will pay their taxes. Thus, more funds will be available to invest in infrastructure to create more jobs (Myrdal, 1953). In all, the methodology of positive economics reveals old limits and new quests. On the one side, on theoretical field there is still interest to bring economics closer to the core sciences like mathematics and physics, whereas there is also practical interest to provide practical solutions to real life, and this means that social facts are to influence and lead to normative issues. The main contributions of this paper is to provide a different perspective of the methodology of positive economics, and the implications of shifting to much to only one side, normative, or positive. However, the methodology of positive economics is open to be completed by normative economics, in order to provide the best solutions within the key frame of economic policy.