Subjective Value Theory and Government Intervention in the Labor Market [Full Edition of Vol. 10, No. 3]
Volume 10, Number 3 (Spring/Summer 1989)
Don Bellante discusses the fallacies of government intervention into the labor market, and ho
Don Bellante discusses the fallacies of government intervention into the labor market, and ho
Neoclassical utility functions are an invalid means of analyzing consumer behavior for three reasons: first, and most important, because such functions, and their attendant rankings, are cardinal, not ordinal in nature;
This paper deals with the meaning and the limits of the subjective theory of value. Economists deploy this theory in such various areas as utility, marginalism, knowledge and expectations.
How rational are humans? Many important implications hinge on this seemingly innocuous question hinge, for not only economists, but all social scientists.
What should be the attitude of classical liberals toward nationalist aspiration and sentiment?
In this article, Frank van Dun offers a retort to Paul Gottfried’s critique.
In this article, David Gordon and Roberta A. Modugno review of J.C.
Lookism is prejudice toward people because of their appearance.
“The Broken Window,” An essay written by Frédéric Bastiat (1801–1850), was the first of a dozen short essays compiled under the heading, What i