Economic Judgement
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A Economic Judgement is a judgement of economic intentions, economic decisions, and economic actions (by an economic agent).
- Context:
- It can range from being a Reasoned Economic Judgement (supported by economic reasoning) to being a Subjective Economic Judgement.
- It can make a Profitable Judgement or Unprofitable Judgement.
- …
- Example(s):
Paying more than market value is a bad economic actLowering a worker's wages is a good economic act.Hiring a new worker for a new lower wage is not good economic act.- …
- Counter-Example(s):
- Moral Judgement, such as
Giving money to UNICEF is a good act, andLowering a worker's wages is a bad act.
- Moral Judgement, such as
- See: Economic Choice, Adam Smith, David Ricardo, Karl Marx, Economic Heuristic.