Download This PaperThe Normative Foundations of Scarcity
Real-World Economics Review, issue no. 61, 26 September 2012, pp. 22-39
21 Pages Posted: 18 Feb 2010 Last revised: 25 Aug 2018
Date Written: June 1, 2012
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
Keywords: scarcity, logical positivism, methodology, normative positive distinction, fact value distinction
JEL Classification: B41
Suggested Citation: Suggested Citation
Zaman, Asad, The Normative Foundations of Scarcity (June 1, 2012). Real-World Economics Review, issue no. 61, 26 September 2012, pp. 22-39, Available at SSRN: https://ssrn.com/abstract=1554202 or http://dx.doi.org/10.2139/ssrn.1554202
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