Subjectivism

Displaying 1 - 10 of 214

The Bud Light Boycott and Clueless Corporate Executives

The EntrepreneurU.S. HistorySubjectivismValue and Exchange

Blog05/24/2023

Bud Light executives thought customers wanted the beer to partner with a "transgender" celebrity. Or executives simply didn't care what customers thought. In any case, executives are now paying the price. 

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Is Social Justice Just? A Review

Media and CulturePhilosophy and MethodologySubjectivismValue and Exchange

Blog05/05/2023

Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end?

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Influencers and Subjective Value: They Have Something to Teach Us

Free MarketsMedia and CultureSubjectivism

Blog03/17/2023

The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity.

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Defining a Good: The Intersection of Saint Thomas Aquinas and Carl Menger

Austrian Economics OverviewPhilosophy and MethodologySubjectivismValue and Exchange

Blog01/02/2023

The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.

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A Commonsense Approach to the Austrian-Mainstream Methodenstreit

Austrian Economics OverviewSubjectivism

Blog10/13/2022

Mainstream economists claim that Austrian economics is "discredited" because Austrians use deductive reasoning instead of employing complicated calculus and statistics. The irony is that Austrian analysis is better at explaining real-world economic phenomena.

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Misunderstanding Murray (Again)

Free MarketsHistory of the Austrian School of EconomicsPolitical TheorySubjectivism

Blog09/23/2022

Professor Melinda Cooper of Australia believes she has "discovered" Murray Rothbard, but the Rothbard she claims to have found is nonexistent. David Gordon explains why.

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Putnam on Objective Ethics in Economics

Economic FreedomLiberalismSubjectivism

Blog04/08/2022

While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.

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Modern Portfolio Theory: Economics without Praxeology

RationalismEntrepreneurshipPricesSubjectivism

Blog03/12/2022

Modern portfolio theory, while popular with many economists, runs into serious problems when examined through the lens of Austrian economics

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People Change Their Minds. That Doesn't Make Them Irrational.

SubjectivismValue and Exchange

Blog06/16/2021

Human beings do not have constant value scales, but change their goals constantly as the world around them changes. This habit of changing goals does not make a consumer "irrational."

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Rothbard's Underappreciated Contributions to Public Goods Analysis

Taxes and SpendingSubjectivismValue and Exchange

The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation. 

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