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Normative Theory and Other Components of Political Economy

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The Philosophy of Science, and Economics
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Abstract

We have differentiated, according to the character of their statement, the areas of discourse pertinent to the policy sciences. In the first instance, our emphasis has been on empirico-judgmental discourse about conceivably experienced phenomena and event, where a statement’s claim to credibility must rely on a personal judgment of the evidence pro and con.

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Notes

  1. John R. Hicks, Value and Capital ( Oxford, Clarendon Press, 1946 ).

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  2. A. C. Pigou, Economics of Welfare 4th edition ( London, Macmillan, 1932 ).

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© 1991 Robert A. Solo

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Solo, R.A. (1991). Normative Theory and Other Components of Political Economy. In: The Philosophy of Science, and Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12224-0_8

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