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bobosha
on May 18, 2020
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The Unicorns Fell into a Ditch
Economics, especially Behavioral economics, is Descriptive, not prescriptive.
tomjakubowski
on May 18, 2020
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Classically (read: what I was taught in AP Econ 15 years ago), "normative economics", which is prescriptive and meant to inform policy, is divided from from "positive economics", which attempts to describe and rationalize economic activity.
https://en.wikipedia.org/wiki/Normative_economics
selimthegrim
on May 18, 2020
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Someone should tell the MMT people that
Consider applying for YC's Summer 2026 batch! Applications are open till May 4
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