A Simple Argument for Objective Value

I’m an economist. I’m studying at GMU, a university known for carrying on the Austrian tradition. While all economists recognize subjectivism, variously understood, I’ve talked about how Austrians are particularly extreme subjectivists and dubious of objective value. This article presents a simple economic argument for objective value. A recent Leeson class was typical. A discussion … Read more

Non-Market Decision Making Reading Notes Section 3.7

3.7 Family [PDF] Allen, Douglas W., and Margaret Brinig. 1998. “Sex, Property Rights, and Divorce.” European Journal of Law and Economics 5: 211-233. 2 Main Points Consent for sex may be treated as a good. Whoever has lower demand becomes a supplier and obtains some bargaining power equal to the difference. Male and female drive … Read more

Non-Market Decision Making Reading Notes Section 3.6

This article contains my notes on the section 3.6 readings for Leeson’s Economics of Non-Market Decision Making. 3.6 Alternative Institutions of Property Protection and Conflict Resolution Allen, Douglas W., and Vera Lantinova. 2013. “The Ancient Olympics as a Signal of City-State Strength.” Economics of Governance 14: 23-44. 3 Main Points The ability of a Greek … Read more

Two Dispositions in Economic Analysis

This article makes what I consider to be the obvious argument for what economists should do. As all people should, economists should do what is good. Peculiar to economists is the tool set of economic analysis. I propose that a good economist makes use of the analytical tools of economics to achieve good things. I … Read more