The Foundations of Positive and Normative Economics: A Handbook is the first book in a new series by Andrew Caplin and Andrew Schotter. There is currently no guide available on the rapidly changing methodological frontiers of the field of economics. Economists have been introducing new theories and new sources of data at a remarkable rate in recent years, and there are widely divergent views both on how productive these expansions have been in the past, and how best to make progress in the future. The speed of these changes has left economists ill at ease, and has created a backlash against new methods. The series will debate these critical issues, allowing proponents of a particular research method to present proposals in a safe yet critical context, with alternatives being clarified. This first volume, written by some of the most prominent researchers in the discipline, reflects the challenges that are opened by new research opportunities. The goal of the current volume and the series it presages, is to formally open a dialog on methodology. The editors' conviction is that such a debate will rebound to the benefit of social science in general, and economics in particular. The issues under discussion strike to the very heart of the social scientific enterprise. This work is of tremendous importance to all who are interested in the contributions that academic research can make not only to our scientific understanding, but also to matters of policy.
Kessler, Daniel, and Steven D. Levitt. 1999. Using Sentence Enhancements to Distinguish between Deterrence and Incapacitation. Journal of Law and Economics 42:343–363. Kessler, Daniel, and Mark McClellan. 1996.
The book responds to the need for greater clarity regarding the relationship between descriptive, evaluative and prescriptive approaches within positive and normative economics.
Foundations of Economic Analysis
Government is analysed as the product of exchange among individuals who differ in their bargaining power.
The Oxford Handbook of Professional Economic Ethics explores a wide range of questions related to the nature of ethical economic practice and the content of professional economic ethics.
Contains 10 lessons that reintroduce an ethical dimension to economics.
Reprinted in S. Zamagni, editor, The Economics of Altruism, Edward Elgar, Cheltenham, UK, 1995. ... In S.-C. Kolm and J. Mercier Ythier, editors, Handbook of the Economics of Giving, Altruism and Reciprocity.
This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis ...
Introduction -- Normative versus positive analysis in the history of the theory of production -- The division of labour and the theory of the firm -- Proto-neoclassicals and the theory of production -- Appendix: a very brief history of ...
Both nationally and internationally, there are economic laws that are logically independent of economic agents’ behaviour. These are the macroeconomic foundations of macroeconomics.