Transitivity and the Money Pump
Transitivity in economics maintains that if a is preferred to b, and b to c, then a must also be preferred to c.
Subjectivism
Displaying 141 - 150 of 276
The Modern Theory of Consumer Behavior: Ordinal or Cardinal?
Neoclassical utility functions are an invalid means of analyzing consumer behavior for three reasons: first, and most important, because such functions, and their attendant rankings, are cardinal, not ordinal in nature;
A Praxeological Assessment of Subjective Value
This paper deals with the meaning and the limits of the subjective theory of value. Economists deploy this theory in such various areas as utility, marginalism, knowledge and expectations.
Review of Subjectivism and Economic Analysis: Essays in Memory of Ludwig M. Lachmann. Edited by Roger Kopp and Gary Mongiovi
Though little known among the economics establishment during his lifetime, Ludwig M. Lachmann was always widely connected. The range of scholars whom he knew and with whom he communicated was truly impressive.
Review of Thinking, Fast and Slow, by Daniel Kahneman
How rational are humans? Many important implications hinge on this seemingly innocuous question hinge, for not only economists, but all social scientists.
An Interview with James Buchanan
Volume 9, Number 1 (Fall 1987)
James Buchanan is interviewed on his recent award of the Nobel Prize in Economics.
Subjective Value Theory and Government Intervention in the Labor Market [Full Edition of Vol. 10, No. 3]
Volume 10, Number 3 (Spring/Summer 1989)
Don Bellante discusses the fallacies of government intervention into the labor market, and ho
An Interview with G.L.S. Shackle
Volume 4, Number 1 (Spring 1983)
Richard Ebelling interviews G.L.S.
An Interview with G. L. S. Shackle [Full Edition of Vol. 4, No. 1]
Volume 4, Number 1 (Spring 1983)
Richard Ebelling interviews G.L.S.
Nationalism and Liberalism: Friends or Foes?
What should be the attitude of classical liberals toward nationalist aspiration and sentiment?
