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 Austrians emphasize subjective value in a decidedly more extreme way compared to other schools. I … Read more A Review of Subjectivism and Economics

Non-Becker Rationality and Kahneman Irrationality

This article provides two Ideological Turing exercises: One argument in defense of hard-line Chicago rationality and one in defense of the existence of economic irrationality. I don’t think Gary Becker or any of the big Chicago names (eg Friedman) ever firmly stated that individuals are rational (quick proof and another one), but let’s suppose that … Read more Non-Becker Rationality and Kahneman Irrationality

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 common. The two ideas are the natural rate of unemployment and potential output, which is … Read more Neoclassical Hypocrisy and Improved Long and Short Run Definitions

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 very much so far. We discuss both practical and theoretical ideas with regard to public … Read more 5 Sources for Conservative Economics