----------------- 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. ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]