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About the book
Economics is sometimes divided into two parts: positive economics and normative economics. The former deals with how the economic problem is solved, while the latter deals with how the economic problem should be solved. The effects of price or rent control on the distribution of income are problems of positive economics. The desirability of these effects on income distribution is a problem of normative economics. Within economics, the major division is between monetary theory and price theory. M...Show more
Book details
ISBN
9781607961512
Publisher
Richest Man in Babylon Publ.
Published year
2009
Language
English
Original title
Price Theory
Format
Paperback
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