Question

Normative economic statements are economic policy goals. Equity goals are based on what happens--the fairness of outcomes. Efficiency arguments are based on how it happens--maximizing the social value of output. We will do equity arguments this week.

A compelling normative argument usually contains some positive (factual) supportive statements. Consider these equity statements:

                Statement One: It is acceptable to use GDP to measure output but it should not be used as a measure of well-being since this is unfair to those not sharing in the prosperity. (related to Chapter 7 reading)

                Statement Two: The U.S. government should undertake policies to promote more rapid national economic growth so that everyone can share in the prosperity. (related to Chapter 8 reading)

                Statement Three: The U.S. government should do more to promote economic growth in poor countries because it is unfair for us to have so much and them so little. (related to Chapter 8 reading)

For your post either:

Pick one of these statements, briefly give a fairness argument for or against that position, bolstered with some facts from the chapter.

Do not make your post exhaustive I'm looking for short but effective.

DO NOT give an efficiency argument.