Subjectivism

Displaying 1 - 10 of 182

A Fallacy about Negative Externalities

Philosophy and MethodologySubjectivism

Blog03/20/2020

Some people use the concept of negative externalities to argue for government to force people toward "what is best for them." An example of this is the call for a consumption tax.

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Humans Have Goals. And They Value Goods and Services Accordingly.

PraxeologySubjectivismValue and Exchange

Blog02/10/2020

A given goal dictates the specific means that an individual will choose for the attainment of that end. People make choices that they think will help them achieve an end.

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Brexit Voters Aren't As "Irrational" As Their Opponents Think

Global EconomySubjectivismValue and Exchange

Blog02/05/2020

Some anti-Brexit pundits tried to frame the Brexit debate as one of savvy economics-minded people against economic illiterates. These people missed the point.

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Social Pressure vs. Consumer Preferences

SubjectivismValue and Exchange

Blog07/08/2019

Anti-capitalists love to claim that consumers don't really have free choice — that advertisers and peers really dictate to others what they should buy. In truth, consumers choose freely, but use others to filter information and simplify the process.

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Why It's Important to Understand "Economic Costs"

Austrian Economics OverviewSubjectivismValue and Exchange

Blog06/20/2019

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

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How Human Action and Human Values Determine Prices

SubjectivismValue and Exchange

Blog04/20/2019

Prices are set by how much people value goods and services. And people value things based on what they think will improve their life and well-being. 

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Ebenezer Scrooge's Tiresome Crusade Against "Consumerism"

Media and CultureSubjectivismValue and Exchange

Blog12/25/2018

Scrooge was wrong, and his Nephew Fred was right. While it's true the benefits of feasting with friends and family can't be calculated in a ledger, that doesn't mean those things have no value.

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Consumerism: Don't Blame the Market for Delivering What People Want

Philosophy and MethodologySubjectivismValue and Exchange

Blog08/28/2018

Those who oppose "consumerism" contend it is wrong to give consumers what they want if they want the wrong things.

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Defending the "Gentrifier"

U.S. EconomySubjectivismValue and Exchange

Blog08/09/2018

Gentrification gets bad press. It would appear that the gentrifier (he who engages in gentrification) is a malign exploiter, a bully, someone who takes advantage of the weak and the poor. And these are the nice things said about him.

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Subjective Value Is not Arbitrary Value

SubjectivismValue and Exchange

Blog06/16/2018

The prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.

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