We got this essay question
"It is argued that economic calculation should exclusively be based on individual utility maximization but include an altruistic concern for the common good and for other human individuals. In the perspective of such an ethical correction of economics we think of the economic actor as an individual, who makes an economic calculation which is extended to include the responsibility for other human beings and society integrating economic calculation in well-founded moral norms and ethical customs of society"...Rendtorff (2010)
Discuss the economics of the creation of a separate aesthetic medical industry, borne out of the technological advances in the health sector. Is the economic calculation based on 'well-founded moral norms and ethical customs' of our society? Support your answer with economic reasoning and ethical considerations for various stakeholders.
I'm not so sure what she meant by economic calculation. Is some kind of economic reasoning such as with indifference curves.