DEBATE OVER THE NORMATIVE POSITIVE DISTINCTION IN ECONOMICS
WALTER E. BLOCK, PETER CAPPELLIABSTRACT. This is a debate between two economists regarding the viability of the distinction between normative and positive economics. It takes place between the father of a student at Loyola University New Orleans (who is also a professional economist), and the student’s instructor in introductory microeconomics. This interchange took place during the spring semester, 2012. pp. 11–19
JEL Classification: J18, J38, J64, D63
Keywords: normative economics, positive economics, economic methodology