Abstract

First, economics stakes out a particular concept of the good and the right and abstractly traces its implications for what we should do. The good for economics is, perhaps, the efficient (development and) use of scarce resources in the service of maximum productivity, that is, the good is economically rational behavior. With that much said, we need only models of the agent and the agent's systems of acquisition, modification, and distribution, as well as an abstract characterization of pertinent circumstances to prescribe, in detail, the economically rational course of action. Because the best end is given and the rational course deducible within the abstrac-

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