Language and the Socialist-Calculation Problem
Were it not for the state's incessant need to homogenize and its inability to cope with diversity, the languages of the world would not be in the dire situation they are today.
Were it not for the state's incessant need to homogenize and its inability to cope with diversity, the languages of the world would not be in the dire situation they are today.
The question of the relation of cost to value is properly only a concrete form of a much more general question — the question of the regular relations between the values of such goods as in causal interdependence contribute to one and the same utility for our well-being.
Nonscarce goods are a great gift courtesy of the structure of the world, a boon to humankind, a vast treasure of resources—tools for making the world a relentlessly better place.
Why value-subjectivism in economics doesn’t imply value-subjectivism in ethics, and might even imply the reverse.
Anderson's contribution to economic theory is summed up in his two books: Social Value and The Value of Money.
Ayn Rand made the case for the freedom philosophy in the most aggressive manner possible, bless her. And, "capitalism" was a crucial element of that effort.
In a governmentally controlled society, the unrestricted enjoyment of property ownership is not permitted, since government has the power to tax, regulate, and sometimes even confiscate (as in eminent domain) just about anything it pleases. In a laissez-faire society, everything which was valued and rationally claimed would be owned, and this ownership would be total.
The thought mechanisms that lead some people to like (or, as economists say, have preference for) gambling are of no more economic interest than the reasons why some people like going to soccer games while others like to stay at home. Answering such questions may be a job for psychologists, but it is not one for economists.
Being ill is not a phenomenon independent of conscious will and of psychic forces working in the subconscious.