Theoretical and Applied Economics
No. 3 / 2013 (580)
Meanings and spreading patterns of the “positive” concept in economic thought
The Bucharest University of Economic Studies
George ŞERBAN-OPRESCU
The Bucharest University of Economic Studies
Abstract. A brief retrospective on economic thought reveals that, in the quest for the scientific status of their research, economists had to refine not only their research methods, but even the economic language itself. The use and, sometimes, the abuse of the “positive” concept in present economic discourse are clear proofs that the constant changes of economic language mark significantly economic science. Coined by Auguste Comte, who denied the very existence of economic science, the “positive” concept has become for a significant part of economists a keyterm that guarantees and emphasizes the scientific status of their research. Alternatively, an important body of scholars seems to provide a different meaning for this concept and uses it in order to reveal economic facts, more precisely, economic growth. One who is not very familiar with the methodology of economics might be confused by these different meanings hidden in a single term. In this context, the present paper aims to bring more light into this issue by providing both an epistemological analysis of “positive” term and a sketch of spreading patterns of this concept via scientific publications. Consequently, the research follows two major well-defined paths: 1) the epistemological analysis of various meanings related to the “positive” term and 2) the quantitative study of occurrences in which this concept is used and cited in economic journals with high ISI citation index.
Contents
Sustainability of the public debt and the financial crisis
The lending channel and budget balance: empirical evidences from Central and Eastern European economies
Heterogeneous capital and consumption goods in a structurally generalized Uzawa’s model
Differences between the nominal values of the gross domestic product and the provisional and semi-final variant
Forecasting the variance and return of Mexican financial series with symmetric GARCH models
Meanings and spreading patterns of the “positive” concept in economic thought
Implications of the single supervisory mechanism on ECB's functions and on credit institutions' activity
Analysing movements in investor’s risk aversion using the Heston volatility model
The labour market in the post-crisis economy: the case of Spain
Liberalisation and regulation in the financial crisis – is behavioural economics a solution?