The distinction between positive and normative statements is rooted in the philosophical separation of "is" (factual reality) ...

Just about the most difficult lesson for first-year economics students, and sometimes graduate students, is that economic theory, and for that matter any scientific theory, is positive or ...

Those were the thoughts of Houston Chronicle and Express-News columnist Chris Tomlinson in his commentary “Managing inflation, migration, disasters,” (SA Inc., Nov. 17.) While the second point is ...