All value is subjective, and no good or service has any intrinsic value. This subjectivity of value is one of the most significant concepts in economics. In this simple but […]
Tag: Economic Theory
An Open Letter to Phil Magness, by Don Boudreaux
Phil: Congratulations for masterfully defending Jim Buchanan against the ill-informed criticisms recently leveled at him by Noah Smith. You’re correct that Jim’s “camp-following whores” comment was not explicitly aimed at […]
Liberalism Then and Now
Kenneth Minogue’s The Liberal Mind first appeared in the 1960s, an era when “the young and the radical in the Western world were in a restive condition.” As Minogue correctly […]
Review of Ola Innset, Reinventing Liberalism
Reinventing Liberalism is an interesting contribution from the intellectual historian that sets out to help us understand the intellectual origins of neoliberalism. Innset wishes to recapture the word “neoliberal,” and […]