Normative economics

Noun

Word Frequency: 0.1

Definitions

1.Nouneconomic thought in which one applies moral beliefs, or judgment, claiming that an outcome is "good" or "bad". For example: "this tax on cigarettes will be good because it will reduce smoking."

Synonyms

economic rationalism normative statement homo economicus homo oeconomicus economism keynesianism ethical egoism ordoliberalism economic liberalism veridiction market fundamentalism normativism

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