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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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