"Patriotism is a kind of religion; it is the egg from which wars are hatched." ~ Guy de Maupassant
Subjective Value and Government Intervention
"The doctrine that all value is subjective raises some important issues. It appears to create a bias against government intervention. Therefore it may explain the correlation between the methodological outlook of Austrian economists and their typically libertarian policy orientation. Put another way, do non-Austrian economists believe that value can be calculated objectively, and are such calculations important for interventionist policies?"
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Mhstahl: Thank you for writing and for your comments. While...1 day 58 sec ago
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