Macroeconomics 9th Edition by David Colander

Exercise 14

Radical economists believe that all of economics, like all theorizing or storytelling, is value-laden.heories and stories reflect the values of those who compose them and tell them.orinstance, Radicals offer a different analysis than most economists of how capitalism works and what ought to be done about its most plaguing problems: inequality, periodic economic crises with large-scale unemployment, and the alienation of the workers.
a. What does the radical position imply about the distinction between positive economics and normative economics that the text makes
b. Is economics value-laden or objective and is the distinction between positive and normative economics tenable or untenable (Radical)