Mises Wire

Facebook icon
LinkedIn icon
Twitter icon
A
A
Home | Blog | on indifference

on indifference

0 Views
08/09/2006
the main problem I have with Hans on indifference is that he seems to let Nozick off the hook. Nozick says that in order to define a good, you've got to have indifference in economics, since a good is defined as that which with regard to all members of the class, we are indifferent between them. to say this in other words, if butter is a good, then we are indifferent between all units of butter. I think that my admittedly coarse analysis succeeds in overturning Nozick, while I think that Hans' admittedly far more sophisticated analysis does not. Also, apart from Nozick, Hans seems to think that if his analysis is correct, then mine must be incorrect. nothing I have seen so far convinces me that we cannot both be right.

Walter Block is the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at Loyola University, senior fellow of the Mises Institute, and regular columnist for LewRockwell.com.

Click here to see an extensive online compendium of Dr. Block's publications.

Click here for a complete list of Dr. Block's books.

Image source:

Add Comment

Shield icon wire