I found this a really interesting read and I asked myself the question "Is Domaining Normative or Positive Economics?"
My initial thought was domaining is a bit of both
and ended up going in circles, so I am going to ask what do you think?
https://www.investopedia.com/ask/answers/12/difference-between-positive-normative-economics.asp
Positive Economics
Positive economics is a stream of economics that focuses on the description, quantification, and explanation of economic developments, expectations, and associated phenomena. It relies on objective data analysis, relevant facts, and associated figures. It attempts to establish any cause-and-effect relationships or behavioral associations which can help ascertain and test the development of economics theories.
Normative Economics
Normative economics focuses on the ideological, opinion-oriented, prescriptive, value judgments, and "what should be" statements aimed toward economic development, investment projects, and scenarios. Its goal is to summarize people's desirability (or the lack thereof) to various economic developments, situations, and programs by asking or quoting what should happen or what ought to be.
My initial thought was domaining is a bit of both
and ended up going in circles, so I am going to ask what do you think?https://www.investopedia.com/ask/answers/12/difference-between-positive-normative-economics.asp
Positive Economics
Positive economics is a stream of economics that focuses on the description, quantification, and explanation of economic developments, expectations, and associated phenomena. It relies on objective data analysis, relevant facts, and associated figures. It attempts to establish any cause-and-effect relationships or behavioral associations which can help ascertain and test the development of economics theories.
Normative Economics
Normative economics focuses on the ideological, opinion-oriented, prescriptive, value judgments, and "what should be" statements aimed toward economic development, investment projects, and scenarios. Its goal is to summarize people's desirability (or the lack thereof) to various economic developments, situations, and programs by asking or quoting what should happen or what ought to be.
