“Economics cannot be scientific because it is based upon the value judgment that ‘more (output) is better’.” Do you agree?

Please provide the best answer for the statement.


This statement can be subjected to positive economic analysis. If you can show that this assumption is valid, i.e., that it is correct that most people believe that “more is better,” then this is not a value judgment but a testable principle of economics. Where this assumption is questioned, it is a rather simple matter to test the hypothesis about whether “more is regarded as better.” In other words, if people behave as if more is better, then this assumption is not a result of value judgments by economists, but rather the result of observing that this is the way humans act.

Economics

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