“On Value Freedom in Economics”
Walter Block VALUE FREEDOM IN ECONOMICS. Adobe Acrobat 6.0 Paper Capture Plug-in
Walter Block VALUE FREEDOM IN ECONOMICS. Adobe Acrobat 6.0 Paper Capture Plug-in
Henry Hazlitt VENTURA Adobe Acrobat 6.0 Paper Capture Plug-in
From Zeitschrift für Nationalökonomie Journal of Economics, Spring 1977.
Economists must either make their value judgments explicit and defend them with a coherent ethical system, or strictly refrain from entering, directly, or indirectly, into the public policy realm.
Reviewed by Thomas J. DiLorenzo Tariffs, Blockades, and Inflation: The Economics of the Civil War by Robert B. Ekelund, Jr.
It took seven decades, but most people now accept what Ludwig von Mises explained three quarters of a century ago, namely, that centrally directed socialistic economies cannot succeed in coordinating vast numbers of interrelated decisions, in large part because of the information problem arising from non-market forms of resource allocation (Mises 1920). No amount of input-out- put models generated on vast computers can overcome the problems of directing resources under changing conditions of wants and scar-city.
The Philosophical Origins of Austrian Economics is a useful, clearly written study of the philosophical origins of Menger's theorizing in economics.
From The Review of Austrian Economics Vol. 3, 1989.