Michael Nuwer writes: >> David misrepresents the Austrians which leads to dubious conclusions about >> the >> progressive critic of neo-classical theory. The Austrians do not reject all >> neo-classical assumptions; they reject neo-classical welfare economics and >> general >> equilibrium. They do not reject that value is subjective nor do they reject >> methodological individualism.
I am truly curious -- do you (and others on this list) really, really, reject that value is subjective? It is so self-evidently true to me that it is hard for me to even conceptualize the opposite. I understand the labor theory of value as polemic, but as philosophically correct, I don't get it. David Shemano _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l
