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

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