Im stuck on a problem set question.
John Kennedy once Stated " Some men look around and ask why? I dream of things that could never be, and ask why not?"
Question
.Why does the principle of Maximization force Economists to ask the question " why " rather than why not ?
Principal of Maximization = " All individuals are always motivated by greed" according to our textbook
Since Economics is a particular way of thinking about behavior to ask the question "why not" would be inappropriate as Economics is used to explain why things happen the way they do and not why they didnt happen a certain way.
John Kennedy once Stated " Some men look around and ask why? I dream of things that could never be, and ask why not?"
Question
.Why does the principle of Maximization force Economists to ask the question " why " rather than why not ?
Principal of Maximization = " All individuals are always motivated by greed" according to our textbook
Since Economics is a particular way of thinking about behavior to ask the question "why not" would be inappropriate as Economics is used to explain why things happen the way they do and not why they didnt happen a certain way.