What truly matters for you in Economics???

Our opinions regarding any topic in economics are as diverse as we are.

Now I ask myself a question??

What could be a universal question or questions in valuing any economic situation???

Maybe we could find a set of priorities in measuring economic value to better assign answers to economic questions.

I HAVE ONLY ONE…What truly matters for me is people.

In every discussion of outsoursing, war, economic, politics, anything… I ask my self…

Will people be better off???

I believe in paretto efficiency. "If someone can be made better off without making anyone worse off…why not do it???

But I am against anything that in the long run makes rich people better off at the expense of the middle class.

Make the Pie bigger…dont just cut a bigger piece for yourself.

Praxeology, of which economics is a subdivision, is a value free.

http://mises.org/easier/E.asp

I’m a misanthrope; I don’t consider human beings any more inherently valuable than dirt. Tell me, are you willing to force your purely subjective values on the rest of us?

Here’s a good idea: everybody should TRADE with each other a whole bunch, since, for every transaction, each party benefits! And when somebody’s content from trading he can SAVE, so no body loses anything! The only question is “how are we going to keep our overseers from stopping trade and saving?”

Hmmm… Whose pie is it? If it’s mine I’ll take all I want, thank you, and if it’s someone else’s I’ll be sure to ask permission.

Any own ideas???

Forgive me for forgetting the source, so this comment will be rather vague, but I read somewhere that there is a paradigm shift in twenty-first century businesses that they must have social responsibility if they are to succed in today’s market place, as otherwise they will be punished by consumers. I think this makes sense with Austrian Economics, because that way business would then be taking charge of responsibilities that were previously mishandled by governments.

Yes, you should stop posting.