"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Saturday, March 3, 2012

Not a science about needs

Economics is not about needs if they aren't expected to be satisfied through purposive behavior. Nevertheless, purposive behavior always imply need.

1 comment:

Adrián said...

Just to be clear, remember that Lionel Robbins in his classical definition about economics doesn't refer to "needs" but to "ends".