Normative foundations of scarcity

Zaman, Asad (2010): Normative foundations of scarcity.

Abstract

The 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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Scarcity; Normative Positive Distinction; Fact Value Distinction; private property; welfare; revealed preference
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B41 - Economic Methodology

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