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Date: | Fri Mar 31 17:18:53 2006 |
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Surely:
The first principle of economics, and the presumption of utility
maximization on the part of individuals, were never intended as a
description of the essence of what it is to be human, and they are not
such a description. They constitute a critique of human behaviour.
That is, they constitute a construction put on human behaviour so that
it can be fitted into a means/ends system based on the judgement that
efficiency, that is getting the most for the least, is to be taken as a
norm.
The assertion that Economics is faulty, because it does not
describe the whole of human experience and existence, is a fallacy.
Economics does not pretend to explain everything. Of course, it is
often badly taught, and, unfortunately, students get the impression that
it does so pretend.
Robin Neill
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