Subjectivism

This short note is a contribution to the solution of the problem of indifference in Austrian economics (“Nozick’s problem”). The problem is divided into two questions:

Ingo Pellengahr’s doctoral dissertation, The Austrian Subjectivist Theory of Interest, focuses on one small aspect of these ongoing debates.

In response to Block and Barnett (2012), this paper clarifies some misunderstandings about the concept of transitivity and shows its relation to rationality, asynchronicity of choice

Boettke, Leeson and Subrick (Boettke and Leeson 2004; Leeson and Subrick 2006) describe institutional robustness as the ability of a given system of social organization to stand up to the test

Transitivity in economics maintains that if a is preferred to b, and b to c, then a must also be preferred to c. 

Neoclassical utility functions are an invalid means of analyzing consumer behavior for three reasons: first, and most important, because such functions, and their attendant rankings, are cardinal, not ordinal in nature; 

Volume 4, Number 1 (Spring 1983)

Richard Ebelling interviews G.L.S.

Volume 9, Number 1 (Fall 1987)

James Buchanan is interviewed on his recent award of the Nobel Prize in Economics.

Volume 10, Number 3 (Spring/Summer 1989)

Don Bellante discusses the fallacies of government intervention into the labor market, and ho

Volume 4, Number 1 (Spring 1983)

Richard Ebelling interviews G.L.S.