Subjectivism

Menger went on to accomplish a radical break with tradition: a thoroughly individualistic view of humanity and of the world, writes Eugen-Maria Sch

Recorded at the Mises Circle in Chicago, 9 April 2011.

Narrated by Paul Strikwerda.

Social justice actually refers to an intention to use force to acquire one’s desires.

The characters are rugged individuals — ingenious in their ability to fend for themselves, under all manner of adverse conditions — and asking for

Precisely because value is subjective, voluntary trades are win-win situations. At the same time, market prices are objective measures of wealth, and these allow for rational economic calculation.

It was the physiocrats who broke with centuries of sound economic reasoning and contributed to what would become, in the hands of Smith and Ricardo, a reactionary and obscurantist destruction of the correct analysis of value.

Human beings do not possess a mystical property of “probability” inside them; rather, they always act on their subjective beliefs and v

Human beings do not possess a mystical property of “probability” inside them; rather, they always act on their subjective beliefs and values. Probability in the human world is thus merely a measure of man’s uncertainty about the subjective beliefs and values that influence the actions of other men.

The case of Terri Schiavo is almost as controversial as it is tragic.The controversy? Her husband is adamant that the doctors pull the plug on Terri, and her parents are just as determined to keep her alive.