positive economics


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positive economics

the study of what ‘is’ in economics rather than what ‘ought to be’. For example, the statement that ‘a cut in personal taxes increases consumption spending in the economy’ is a factual statement that can be confirmed or refuted by examining the available empirical evidence on the effects of taxation on spending. Positive economics seeks to identify relationships between economic variables, to quantify and measure these relationships, and to make predictions of what will happen if a variable changes. Compare NORMATIVE ECONOMICS.
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The company has produced positive economics in a Preliminary Economic Analysis and, to management's knowledge, hosts Canada's only NI 43‐101 tellurium resource.
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The PEA demonstrates positive economics for a large-scale open pit mining operation, with 14 years of Palladium and Platinum production.'
NAM Files NI 43-101 Technical Report for Preliminary Economic Assessment on the River Valley PGE Project, Sudbury, Ontario, Canada
The main purpose of this paper is to contribute to the interpretation of Milton Friedman's famous The methodology of positive economics (abbreviated as F53 hereafter) by comparing the text to Max Weber's methodology of ideal types.
Friedman's instrumentalism in F53. A Weberian reading
Positive economics is limited to description and prediction.
HIRSCHFELD, Mary L.: Aquinas and the Market: Toward a Humane Economy
Source Energy Services said it has confidence that its 2019 sales volumes should improve from those seen in 2018 due to the addition of Montney and Duvernay customer contracts that help provide a broader customer base and more balanced sales portfolio, refreshed capital budgets from E&P companies and continued positive economics for Montney and Duvernay production.
Source Energy Services Looks Ahead
AWS is a cornerstone of CSG's "cloud-first" strategy and commitment to give its clients global availability, scalability, data security, and the positive economics of the cloud.
CSG achieves advanced technology partner status
CSG has supported clients on AWS for the past year as a cornerstone of its cloud-first strategy and commitment to give its clients global availability, scalability, data security and the positive economics of the cloud.
AWS SUPPORTS CSG CLOUD-FIRST STRATEGY
Public choice economics lies in the positive realm of economics, and DiLorenzo and Block use positive economics to poke holes in many popular public theories.
An Autro-Libertarian Critique of Public Choice
If Amazon's device sales start declining or it no longer sees the same positive economics from selling Echo devices, that's when Amazon investors should start showing concern.
Google Is Suddenly A Dominant Force In Smart Speakers
Economists make a distinction between normative and positive economics. Normative economics involves values.
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