POSITIVE AND NORMATIVE ECONOMICS Positive economics deals with what is with how the economy works‚ plain and simple. If we lower income tax rates in the United States next year‚ will the economy grow faster? If so‚ by how much? And what effect will this have on total employment? These are all positive economic questions. We may disagree about the answers‚ but we can all agree that the correct answers to these questions do exist— we just have to find them. Normative economics concerns itself with
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2014‚ p. 8). So‚ value hedonism is the philosophical doctrine in terms of explaining their theory of intrinsic value. Pleasure and pain are the only important elements of the hedonistic theory of value. The theory of value hedonism states that all pleasure is intrinsically valuable‚ and nothing but pleasure has intrinsic positive value. However‚ all and only pain is not valuable in the way that pain has intrinsic negative value. The value hedonist indicates that some positive value is recognized only
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question of what makes a good life requires the use of normative claims. Any type of judgment makes a claim normative‚ even if only a single word such as “good” is expressed in the claim. This type of claim is not only used in ethics. For example‚ a marketing team uses normative claims by comparing past mistakes and achievements. Looking at these things tells the team what they should or should not do for their next course of action. Normative claims are often ignored by people‚ but they are the main
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Theories and Value Systems - The objective of the theory is to guide us to make decisions and judgments about actions in certain situations‚ i.e to try to determine what we and other people ought to do. - We not only act as an agent‚ but also as witness‚ adviser‚ teacher‚ judge‚ and critic in morality. (we= agent moral). Social Morality Theory - The words ethics (ethos) and moral (more which mean customs‚ habit‚ courtesy‚ character‚ etc.‚ are connected with regulations and
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These days‚ I’ve read a book named Vanity Fair and learned a lot from it. In essence‚ vanity itself is neither right nor wrong. However‚ when we are motivated by our desires‚ we are likely to keep some problems in perspective. In the beginning‚ we set the wrong goals which we actually don’t like and choose the wrong way which are against our wills. That is because we don’t have a good understanding of ourselves and we don’t know what we do want. As far as I’m concerned‚ we should not attach too much
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Mohd Asrool Hasbullah B Shuib 1051109833 Lecture: Miss Mariati bt NorHashim Summary Normative Accounting Theory by Md. Humayun Kadir* This summary reviews Normative Accounting Theory by Md. Humayun Kadir* thats show five important works on normative accounting theory – MacNeal (1939)‚ Paton and Littleton (1940)‚ Litteton (1953)‚ Chambers(1966)‚ and Ijiri(1975) – with emphasis on recognition and measurement issues in accounting. It shows that there is a lack of agreement among these theorists
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This paper will be a discussion of moral judgments and the disagreements surrounds their validity in the absolute and moral sense.Most philosophers believe in either Normative Moral Relativism or Moral Objectivism. In class‚ Normative Moral Relativism is defined as the view that the truth or falsity of moral judgments is relative to the traditions etc. of a society or culture. Moral Objectivism‚ however‚ is defined in class as the view that morality is objective only if three rules are met‚ the first
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Fair or Not Fair As once said by Nelson Mandela “A good leader can engage in a debate frankly and thoroughly‚ knowing that at the end he and the other side must be closer‚ and thus emerge stronger. You don’t have that idea when you are arrogant‚ superficial‚ and uninformed.” Only when you meet that criteria can you be considered a good leader‚ however in Sophocles’ book Antigone once a crime has been committed not only is the guilty killer put on trial but whether or not Creon is a good leader is
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Normative Dimensions of Leadership University of Phoenix LDR/736 Architecture of Leadership Normative Dimensions of Leadership Normative dimensions of leadership theory looks at the big picture of the organization to work out challenges and find solutions to problems. According to Harvey (2001) The normative leadership model approach is a caring type of leadership where the leader has vision and implements ideas‚ arguing that a caring type of leadership is actually good for profits in
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Q1. Why this product? What were other options and why didnt she go for any other product Backpack from Fasttrack. Worth Rs. 1350. Second time buy. Other options were Samsonite ( a store right next to fasttrack store )‚ Hidesign and the usual Reebok Adidas and Nike. Q2. How often she uses the product? Is she satisfied with the product? Regular use. Satisfied with the product. Had bought another backpack from Fasttrack last time and the esperience was satisfactory. So didn’t try any other
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