Tag: Austrian School

A Review of Subjectivism and Economics

In preparation for an article arguing in favor of objective value, this article goes over comparative views on subjective value among economists. Basically, all economists recognize subjective value, but to different extents and with subtly different meaning. I claim that

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Neoclassical Hypocrisy and Improved Long and Short Run Definitions

This article will criticize the Neoclassical School for hypocrisy and provide an improved definition of the long run and short run in economics. In the Neoclassical School of economics there exist two foundational ideas which have an important characteristic in

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The Fullness of the Problem of Knowledge

This article will discuss the Problem of Knowledge, in particular as discussed by Hayek. This discussion necessarily relates to the Economic Calculation Problem as discussed by Mises and Hayek. I will argue that the these problems are not simply economic

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5 Sources for Conservative Economics

This article covers 5 books I would recommend for purposes of understanding conservative economics, as well as some other sources. I am enrolled in a class called Intro to Public Policy at George Mason University. I have enjoyed the class

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Frederick Hayek Supports “Do It Yourself” Libertarianism

Recently I noted that Jeffrey Tucker‘s term “DIY Libertarianism” very well sums up my preferred strategy on a variety of fronts including entrepreneurship, political reform and others. Today I noticed that Frederick Hayek has a great quote which perfectly places

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God’s Will as Objective Utility and Interpretive Proof

Under traditional economics utility is subjective. Under CAE we discern between personal and objective utility. Personal utility is classical economic utility or personal preference. Objective utility is defined in two ways and the two ways will always yield the same

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