Learning Is The First Step
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 Austrians emphasize subjective value in a decidedly more extreme way compared to other schools. I … Read more
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 common. The two ideas are the natural rate of unemployment and potential output, which is … Read more
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 issues, but first policy issues writ large and secondly fundamental human conditions. I will argue … Read more
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 very much so far. We discuss both practical and theoretical ideas with regard to public … Read more
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 him as an advocate of the same idea: “The physicist who is only a physicist … Read more
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 … Read more