what are examples of normative economics 
normative economics is represented by anything that is subjective and value based this means we can use the information we have at our disposal to say what should be in the future for instance we can use data from earnings to say that corporations should pay more in taxes and we can use the cost of living with current wages to make opinions on the minimum wage the branch of economic theory called welfare economics is an example of normative economics the leading thinkers in this area early on were abram bergson and nobel prize winning economist kenneth arrow the bottom lineeconomics is considered an art and a science because it combines the use of objective fact with subjective judgments positive economics is an objective branch of study that allows conclusions to be made using verifiable facts normative economics on the other hand deals with opinions based on those facts although it may seem like the best option no society truly functions on a positive economic stances in fact combining both positive and normative economics may be the best approach when policymakers develop new solutions 