God's Will as Objective Utility and Interpretive Proof
• John Vandivier
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 result.
The first definition of objective utility is the subjective preference of the objective reference frame, God. The second definition of objective utility comes from the idea that there is a perfect allocation of all things.
A perfect allocation of all things entails more than simply an efficient resource allocation. With highest relevance, a perfect allocation of all things would entail that the preferences of all individuals have been ideally configured.
If a perfect allocation of all things were to be achieved then the subjective utilities of all individuals would be equivalent to their objective utilities. As a result, all aggregate market demands would be at their morally ideal values. Finally, the emergent price equilibria in such markets would be the set of objective values or prices.
Summarily, CAE establishes the existence of intrinsic value where the intrinsic value of a good may be defined equivalently in the following two ways:
- God's willingness to pay for a good.
- The market price for a good when microeconomic demand is the optimized result of a function of efficiency and objective moral considerations.
- CAE is a post-free market economic discipline. Many of the requirements for free market flourishing are dependencies for the theory of dynamic moral optimization.
- Taking after the Austrian School and the related fields of Praxeology and Thymology, CAE leverages the concept of teleology and axiomatic logic to produce action axioms, or contingent action recommendations.
- In CAE the Church is viewed as a market comprised of Christians.
- There is an Apparent Church which is the aggregation of all people professing Christian identity and there is the Real Church which is comprised of those people who are actually Christians.
- The Real Church is theorized to persist in the long run, while the Apparent Church is theorized to shut down in the long run. There is a notable theological similarity between the economics of firm shutdown and the theology of perishing.
- There is an obvious identification difficulty for empirical work.
- Lastly are the two concepts of the human condition and interpretive proof.