In a paper, Sloth and Whitta-Jacobsen examines the idea of Milton Friedman and others that the foundations for behavioral assumptions usually made in economics should be found in “economic elimination of the unfit”, that is, replacement of (individuals with) behavior that does not accord with principles and concepts such as profit maximization or Nash equilibrium. (ref: http://www.econ.ku.dk/okojacob/workpapers/ed.pdf)
They prove that such a purpose lead to erroneous result below Nash equlibrium. My question: Is it true that one purpose of economics is to eliminate the unfit? What do you think?
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