wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Which of these economists were of the view that economics is a normative science?

A
Lionel Robbins
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Alfred Marshall
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Both (a) and (b)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Neither (a) nor (b)
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Wealth of an Economy
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon