Traditionally economics is the study of how scarce resources are or should
be allocated.

No its the study of how economies work.

Right. As it usually says in Chapter one of elementary economics
texts, an economist is a man who can tell you how many guns you must
give up to get how much butter; but as an economist, he cannot tell
you whether you should prefer guns or butter.

IOW, economics does not deal with the question how resources SHOULD be
allocated. That is the province of "Political Economy," a branch of
moral philosophy.

vince norris