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Date: | Fri Mar 31 17:19:19 2006 |
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----------------- HES POSTING -----------------
Scott Cullen wrote:
> Bruce, forgive my lack of general knowledge (that's why I'm here).
> Can you very briefy define 'subjectivism' or point me to a source?
That's a really big question. As the Austrians use it, one possible
nutshell answer might be: the subjective valuations placed by
individuals on things that they believe will satisfy their needs are the
origin of economic activity.
A possible source is Stephen Boehm, "The Ambiguous Notion of
Subjectivism: Comment on Lachmann," in Israel Kirzner, ed.
METHOD, PROCESS AND AUSTRIAN ECONOMICS: ESSAYS
IN HONOR OF LUDWIG VON MISES. (Lexington, MA: D.C.
Heath, 1982), pp. 41-52.
Good luck - Bruce C.
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