Objectivism versus subjectivism: A market test

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2010
Volume: 76
Issue: 2
Pages: 445-448

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The terms objective and subjective are considered antonyms, and yet "objectivists", associated with the ideas of Ayn Rand, and "subjectivists", associated with the ideas of Ludwig von Mises, are both associated with the same political philosophy: classical liberalism. There are however important apparent differences between the "objectivist" approach of Rand and the "subjectivist" approach of Mises. Who is right? And which intellectual has the greater place in the classical liberal tradition? We propose to test these questions using data from a unique housing development in Charleston, South Carolina. We find objective evidence in favor of Mises's subjectivism.

Technical Details

RePEc Handle
repec:eee:jeborg:v:76:y:2010:i:2:p:445-448
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25