http://mises.org/Community/blogs/donny/archive/2008/03/14/the-subjectivity-of-value.aspx[Cross-posted on the parent blog ] For some reason, the past few weeks have found me embroiled in more debates about value theory than I can remember in the past year. Accordingly, I figured I&#39;d post something on the subject as a starting point forenCommunityServer 2008.5 SP2 (Build: 40407.4157)http://mises.org/Community/blogs/donny/archive/2008/03/14/the-subjectivity-of-value.aspx#22337Sat, 15 Mar 2008 22:55:56 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:22337Donny with an A<p>I didn't say &quot;people who like to drink should not drink.&quot; &nbsp;In fact, I'm drinking right now. &nbsp;A fine Pacifico with lime. &nbsp;We're smoking from our hookah, too; the Arabic coffee flavored tobacco is simply fantastic. &nbsp;I couldn't be happier. &nbsp;And further, I don't think that my happiness is irrational, or that I'm likely to be making a poor decision. &nbsp;It's spring break, after all!</p> <p>I have a roommate who sometimes gets too drunk. &nbsp;He knows he gets too drunk, and on a number of occasions, it's resulted in him making some pretty bad decisions. &nbsp;It's pretty fair to say that if he puts himself into certain situations, he'll end up drinking way too much, and it won't be pretty. &nbsp;It's probably better that he avoid those sorts of situations. &nbsp;And even though he knows that, sometimes he puts himself into those situations, and regrets it the next day. &nbsp;Clearly he prefers what he does at the time that he does it, but he ought not to. &nbsp;I don't think that's controversial; even he would agree.</p> <div style="clear:both;"></div><img src="http://mises.org/Community/aggbug.aspx?PostID=22337" width="1" height="1">http://mises.org/Community/blogs/donny/archive/2008/03/14/the-subjectivity-of-value.aspx#22305Sat, 15 Mar 2008 17:02:56 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:22305Juan<p>Who are you to say that people who like to drink should not drink ? </p> <p>&quot;but there seems to be a sense in which we want to say that the alcoholic shouldn't value the drink, &quot;</p> <p>Do 'we' want to say that ? Who are 'we' ? </p> <div style="clear:both;"></div><img src="http://mises.org/Community/aggbug.aspx?PostID=22305" width="1" height="1">