normative economics

noun

economic thought in which one applies moral beliefs, or judgment, claiming that an outcome is "good" or "bad". For example: "this tax on cigarettes will be good because it will reduce smoking."

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Meanings

nounnormative economics (uncountable)
  1. uncountableeconomicseconomic thought in which one applies moral beliefs, or judgment, claiming that an outcome is "good" or "bad". For example: "this tax on cigarettes will be good because it will reduce smoking."

Translations

Finnish normatiivinen taloustiede
  • normatiivinen taloustiedeeconomic theory
Cite this entry
APA

normative economics. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/normative%20economics

MLA

“normative economics.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/normative%20economics. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “normative economics,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/normative%20economics.

Source: normative economics on Wiktionary, CC BY-SA 4.0.