Subjectivism

Displaying 1 - 10 of 191

The Problem of Measuring the Utility Gained from Taxes

Philosophy and MethodologySubjectivismValue and Exchange

Blog12/04/2020

Interpersonal utility can't be measured. After all, if you can't measure a single person's utility, it makes no sense at all to measure one person's utility against that of another. 

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Why Marx Never Figured Out How to Distribute Goods in a Socialist Society

Calculation and KnowledgeSubjectivism

Blog11/28/2020

Contra Marx, Mises understood that human desires and needs are not determined merely by biology. 

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Mises and Moral Relativism

Philosophy and MethodologySubjectivism

Blog09/25/2020

Mises thought that social cooperation through the free market resulted in peace and prosperity, regardless of whether people or societies accepted this or not.

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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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