Episode 5: Positive and Normative Analysis

[titus2202]

This makes more sense than the book I have. It all makes sense now.

[huzzain1]

simply awsomeeeeeeeeeee

[kkdlucky]

ohh..this might almost blow my head off, but i finally understand thanks your video, wish this help me my test of tomorrow

[realrockvince]

I was enjoying this video series until I saw this one. It infers that we should listen to our overlords. You say we should allow our "policy analysts" to make decisions about how to run the economy.

Bullshit. Free people run the world, not overlords.

The smaller the government, the better the economy is. Go watch your video about free trade again. You rightly support small government there, as you should everywhere.

mises.org

mises.org

mises.org

[mjmfoodie]

@realrockvince Wow - that's reading a lot into an 85 second video! I hope that's not the message I sent - what I want to convey is that policymakers make normative decisions, hopefully relying on positive analysis (clearly not always the case), and that if you want a policymaker whose opinion-based decisions align with your own, then you need to do something about it . . .

[diannetherese07]

Positive Analysis doesn't need personal judgement. This means that you can verify anything if it's true or not. You can recognize it by what it is. On the other hand, Normative Analysis needs personal judgement. This means that everyone has the right to prove or disapprove about something. These two analyses are important for we can make judgement for the better of the society. - Balbuena, Dianne

[mjmfoodie]

@diannetherese07 Good summation of what's in the video!

[clownnation]

VERY good examples

[arsenal0312]

Very good, with simple but very effective examples.

[Pooh1608]

OMG, this was a life saver. Thanks for posting, very helpful.

[SheLooksLikeAnAngel]

very helpful, thank you