Download Critical Thinking in Economics, 1st Edition by Dennis Patrick Leyden PDF

By Dennis Patrick Leyden

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Extra resources for Critical Thinking in Economics, 1st Edition

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PART 2) the word opinion is used in a variety of ways and, as a result, often obscures the distinction between factual statements, statements of taste, and reasoned judgments. the most common mix-up is between statements of taste and reasoned judgments. If, for example, you say, “that’s your opinion” in response to someone saying that the restaurant down the street has the best pizza, the opinion that you refer to is a statement of taste. on the other hand, when a judge issues an opinion about some trial, that opinion is a reasoned judgment based on conceptual arguments and evidence.

Normative questions deal with figuring out what is good or bad, desirable or undesirable, or should or should not be done. NUMERICAL DATA QUESTIONS Many economic questions involve, or ask for, numerical data. one of the simplest and useful ways of employing economic data is to describe economic behavior, and the primary way descriptive economic data are presented is in the form of tables and graphs. Like non-quantitative economic thinking, economic data can be facts, reasoned judgments, or tastes.

Adam Smith10 5. There should be a standard phrase for the construction of anti-strawmen — for attributing to your intellectual opponents sophisticated, reasonable positions they do not in fact hold, ignoring the nonsense they actually espouse. • Paul Krugman11 6. And so, my fellow Americans: ask not what your country can do for you—ask what you can do for your country. • John F. Kennedy12 The quote is from the New York Times columnist David Brooks. See Brooks (2010, June 14). Keynes (1936, page 380).

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