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The impoverishment of economics related to its distancing from ethics affects both welfare economics (narrowing its reach and relevance) and predictive economics.
Amartya Sen
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Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or welfare economics.
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Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or welfare economics.
Kenneth Arrow
Economics and ethics naturally come into rather intimate relations with each other since both recognizedly deal with the problem of value.
Frank Knight
My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.
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From lower to the higher next, Not to the top, is Nature's text And embryo Good, to reach full stature, Absorbs the Evil in its nature.
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