Episode 5: Positive and Normative Analysis
Loading...
Loading...
16,853
Link to this comment:
Share to:
Uploader Comments (mjmfoodie)
Top Comments
-
OMG, this was a life saver. Thanks for posting, very helpful.
2 years ago 4
see all
All Comments (12)
-
This makes more sense than the book I have. It all makes sense now.
-
simply awsomeeeeeeeeeee
-
ohh..this might almost blow my head off, but i finally understand thanks your video, wish this help me my test of tomorrow
-
VERY good examples
-
Very good, with simple but very effective examples.
Loading...
- 4:44Episode 11: Demandby mjmfoodie20,127 views
Featured Video
- 4:23episode 6 - graph reviewby mjmfoodie23,253 views
- 1:58Mrs. Beasleyby mjmfoodie1,401 views
- 0:49Episode 4 - Micro vs Macro (version 2 - amplifi...by mjmfoodie10,832 views
- 0:09iPad for Catsby mjmfoodie656 views
- 4:36Episode 2: Scarcity & Choiceby mjmfoodie61,997 views
- 9:12Production Possibilities Frontier (Part 1)by econprofCP17,417 views
- 4:21Episode 3: Resourcesby mjmfoodie22,369 views
- 1:26Dust Stormby mjmfoodie320 views
- 0:54Return from Campby mjmfoodie395 views
- 4:29(Macro) Episode 29: What is Money?by mjmfoodie20,044 views
- 7:48episode 18 - consumer equilibriumby mjmfoodie13,416 views
- 5:13Episode 14: Market Equilibriumby mjmfoodie32,005 views
- 5:00Ball and Brown 1968by UNSWCommunity7,680 views
- 4:36Episode 2 - Scarcity and Choice (version 2 - am...by mjmfoodie21,936 views
- 9:35Episode 16: Elasticity of Demandby mjmfoodie69,623 views
- 2:40What Is Economics?by aveconomics3,302 views
- 3:39Episode 8: Opportunity Costby mjmfoodie34,149 views
- 0:49Episode 4: Microeconomics vs. Macroeconomicsby mjmfoodie28,622 views
- 3:51(Macro) Episode 20: GDPby mjmfoodie43,893 views
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
realrockvince 1 year ago
@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 . . .
mjmfoodie 1 year ago 2
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
diannetherese07 1 year ago
@diannetherese07 Good summation of what's in the video!
mjmfoodie 1 year ago