1. Friedman's Essays in positive economics : logical consistency and validity -- 2. The singularity of Friedman's conception of the positive-normative distinction -- 3. The disappearance of the normative framework from Walras's economics -- 4. Friedman's method for doing positive economics -- 5....

This case study, intended as a teaching exercise, highlights the problems of contracting in a world of great uncertainty. Streetwatch is a startup company seeking financing, and the CEO has received two offers for investment, each with its own advantages and disadvantages. The case highlights...