Introduction - Thinking like an economist - The economist as a policy adviser
6 important questions on Introduction - Thinking like an economist - The economist as a policy adviser
What is a normative statement?
What is a positive statement?
Why does the influence of economists on policy go beyond their role as advisers?
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Why is an economists' advice not always straight forward?
(Ex: A policy might increase efficiency at the cost of equality. Or it might help future generations but hurt current generations.)
Why is an economists' policy advice not always followed?
Why do economists often appear to give conflicting advice to policymakers?
- Economists may have different values and therefore different normative views about what a policy should aim to accomplish.
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