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On the contrary, there are several different ways to interpret "should" and much of economic literature is focused on making those interpretations. For example,
by albertsun 17y ago
On the contrary, there are several different ways to interpret "should" and much of economic literature is focused on making those interpretations. For example, is a given policy economically efficient? social welfare maximizing? from a firm's perspective, profit maximizing? or more generally, does it lead to a society that you would want to live in?