Who expressed the view that economics is neutral between end?
Introduction
Economics is a social science that studies how individuals, businesses, governments, and other organizations allocate scarce resources to satisfy their unlimited wants and needs. The question of whether economics is neutral between ends has been a source of debate among economists for many years.
Milton Friedman's View
One economist who expressed the view that economics is neutral between ends is Milton Friedman. According to Friedman, economics is a science that is concerned with understanding how individuals and societies allocate resources. It is not concerned with making value judgments about what people should do with those resources. In other words, economics is neutral between ends.
Explanation
The idea that economics is neutral between ends means that economists are not concerned with what people should do with their resources. Instead, they are concerned with understanding how people use those resources to achieve their goals. For example, if a business wants to maximize profits, economists are not concerned with whether that is a good or bad goal. They are only concerned with understanding how the business can use its resources to achieve that goal.
Similarly, if a government wants to reduce poverty, economists are not concerned with whether that is a good or bad goal. They are only concerned with understanding how the government can use its resources to achieve that goal. In this way, economics is neutral between ends.
Conclusion
In conclusion, Milton Friedman expressed the view that economics is neutral between ends. This means that economists are not concerned with making value judgments about what people should do with their resources. Instead, they are concerned with understanding how people use those resources to achieve their goals. While this view has been criticized by some economists, it remains an important perspective in the field of economics.
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