The role of economics in broader political and philosophical questions

Economics can clarify debates and provide empirical understanding of various issues. However, it is essential to recognize the difference between narrowly economic questions and broader political and philosophical questions. These broader questions, such as the value of an ecosystem, ideal wealth inequality, and social responsibility, extend beyond the realm of economics and require a multidisciplinary approach. Therefore, it's crucial to acknowledge the limitations of economics in addressing these complex societal issues.