Unformatted text preview: candidates for office. Every four years a new person comes along that claims they have the answer to all of the our country’s economic problems “We should raise have the answer to all of the our country s economic problems. We should raise taxes.” “We should lower taxes.” “The rich do not pay enough taxes.” These are all normative economic statements. “That person is hungry, we have to feed them.” Again, a normative statement. 10...
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- Fall '10
- Economics, Statements, Positive Economics, Normative Economics, Austrian School