"Simple economics" is an oxymoron. Theory of value goes far beyond the market price as the final judgement of value.
On even a higher level, economics just describes possible outcomes of a game under a set of rules. It does not prevent us from using our own judgement of fairness on the rules themselves.
On even a higher level, economics just describes possible outcomes of a game under a set of rules. It does not prevent us from using our own judgement of fairness on the rules themselves.