Normative economics
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Normative economics (as opposed to positive economics) is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.
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See also
- Distribution (economics)
- Is-ought problem
- Justice (economics)
- Normative science
- Positive economics
- Social welfare function
- Social choice theory
- Welfare economics
- Economic progressivism
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