Normative foundations of scarcity
AbstractThe elevation of scarcity to the fundamental economic problem rests on some unstated normative assumptions. These include a political commitment to private property, a methodological commitment to not inquire about taste formation, and the idea that human welfare is roughly equivalent to preference satisfaction.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 21817.
Date of creation: Mar 2010
Date of revision:
Scarcity; Normative Positive Distinction; Fact Value Distinction; private property; welfare; revealed preference;
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
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- Caplin, Andrew & Schotter, Andrew, 2008. "The Foundations of Positive and Normative Economics: A Handbook," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780195328318, October.
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