Subjectivism

Displaying 41 - 50 of 202

The Persistent Problem of Objective Value

Philosophy and MethodologySubjectivism

03/28/2022Mises Media
The Lou Church Memorial Lecture, sponsored by The Lou Church Foundation.
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Misunderstanding Demonstrated Preference

Calculation and KnowledgePraxeologySubjectivism

01/07/2022Friday Philosophy
Demonstrated preference has everything to do with the choices an economic actor faces in a given moment, not all the conceivable options.
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Subjective Value and Market Prices

Austrian Economics OverviewSubjectivismValue and Exchange

07/19/2021Mises Media
This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation.
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The Birth of the Austrian School

Austrian Economics OverviewPhilosophy and MethodologySubjectivismValue and Exchange

07/19/2021Mises Media
Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.
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Is the Subjectivist Theory of Value Ideological?

History of the Austrian School of EconomicsSubjectivism

06/11/2021Friday Philosophy
When the subjective theory was formulated in the 1870s, it suffered from the defect of wrongly thinking that economic calculation could occur without prices. This defect gave socialists help in making their case.
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Subjectivism Exposed the Limits of Political Will. Statists Hated It.

Subjectivism

05/28/2021Friday Philosophy
Before economic theory got started, philosophers studied political and economic affairs from a normative standpoint. The advent of subjectivism showed that there are regularities across all human action that limit what political action can achieve.
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Rothbard's Underappreciated Contributions to Public Goods Analysis

Taxes and SpendingSubjectivismValue and Exchange

03/06/2021Mises Media
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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The Monetary Approach to the Balance of Payments

Gold StandardMonetary TheorySubjectivism

01/30/2021Mises Daily Articles
Mises grounds his balance-of-payments analysis on the insight that it is a monetary concept.
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A Subjectivist Approach to Team Entrepreneurship

EntrepreneurshipSubjectivism

12/11/2020Quarterly Journal of Austrian Economics
This article theoretically refines and empirically extends the subjectivist approach to team entrepreneurship, finding that positive internal and external team dynamics contribute to team effectiveness.
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Institutions and Entrepreneurship: Pushing the Boundaries

EntrepreneurshipSubjectivism

12/11/2020Quarterly Journal of Austrian Economics
This article discusses the complementarities between New Institutional Economics and Austrian economics, which can advance our understanding of the relationship between institutions and entrepreneurship.
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