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DEBATE OVER THE NORMATIVE POSITIVE DISTINCTION IN ECONOMICS

DEBATE OVER THE NORMATIVE POSITIVE DISTINCTION IN ECONOMICS
WALTER E. BLOCK, PETER CAPPELLI

ABSTRACT. This is a debate between two economists regarding the viability of the distinction between normative and positive economics. It takes place between the father of a student at Loyola University New Orleans (who is also a professional economist), and the student’s instructor in introductory microeconomics. This interchange took place during the spring semester, 2012. pp. 11–19

JEL Classification: J18, J38, J64, D63

 

Keywords: normative economics, positive economics, economic methodology

 

Authors' contacts

WALTER E. BLOCK
wblock@loyno.edu
Joseph A. Butt, S.J. College of Business
Loyola University New Orleans
PETER CAPPELLI
cappelli@wharton.upenn.edu
The Wharton School
University of Pennsylvania