18
Question
Which of these economists were of the view that economics is a normative science?
Which of these economists were of the view that economics is a normative science?
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Solution
The correct option is A Alfred Marshall
Alfred Marshall was a
British economist who proposed the definition of welfare according to which
economics is a science of creation of welfare for both human as well as society
in which he emphasized on the betterment of the society by the humans and
betterment of humans by the society.
Therefore, these definition was derived on the basis of valued judgement that aimed at economic welfare due to which it is also known as normative economics.
Alfred Marshall was a
British economist who proposed the definition of welfare according to which
economics is a science of creation of welfare for both human as well as society
in which he emphasized on the betterment of the society by the humans and
betterment of humans by the society.
Therefore, these definition was derived on the basis of valued judgement that aimed at economic welfare due to which it is also known as normative economics.
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