Methodology Of Positive Economics: Reflecti... — The

Deals with value judgments and policy goals. Friedman argues that progress in positive economics can actually reduce normative disagreements by clarifying the objective consequences of different policies. 2. The "F-Twist": Prediction over Realism

Friedman distinguishes between (what is) and normative economics (what ought to be). The Methodology of Positive Economics: Reflecti...

The theory must be logically consistent and not contradict itself. Deals with value judgments and policy goals