Economic Judgement

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 act
  • Lowering 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, and Lowering a worker's wages is a bad act.
• See: Economic Choice, Adam Smith, David Ricardo, Karl Marx, Economic Heuristic.

---

---