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Qualitative Economics

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Abstract

Qualitative economics comprises the analysis of economic systems for which qualitative information is available, that is, information about the direction of change (+, −,0) of the values of the functional relations defining the system with respect to changes in the values of its variables. A distinction can be drawn between purely qualitative systems, namely, systems in which the only information available is such sign information, and mixed quantitative–qualitative systems which have quantitative information available as well.

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Authors and Affiliations

  1. http://link.springer.com/referencework/10.1007/978-1-349-95121-5

    James Quirk

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  1. James Quirk
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© 2018 Macmillan Publishers Ltd.

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Quirk, J. (2018). Qualitative Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1487

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