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I got the following reply recently on this thread. I'm not going to bother responding yet, but found it so amusing I thought I'd share it with you. The guy is literally claiming that Mises and the Austrians claim value is equal and ranked at the same time. He also claims without a doubt that...
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Sorry, Just found another extacly same thread.
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I need to explain to a bunch of Doctors, who are not a captive audiance, that patients sometimes choose to spend money on other things when they pay for their own health care . Given a choice, some would prefer to leave a condition untreated (especially if it is cosmetic), and spend their money on other...
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There is an argument against utilitarianism that seems to be common amongst austrians, which i believe is incorrect. Here's the argument, as it is put forward by Edward Stringham : "Many justifications for government use utilitarian arguments, which assume that subjective tility is cardinal...