"Whatever crushes individuality is despotism, no matter what name it is called." ~ John Stuart Mill
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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