The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Qualitative Economics

  • James Quirk
Reference work entry


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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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • James Quirk
    • 1
  1. 1.