Objectivism versus subjectivism: A market test
AbstractThe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 76 (2010)
Issue (Month): 2 (November)
Contact details of provider:
Web page: http://www.elsevier.com/locate/jebo
Objectivism Subjectivism Rand Mises Real estate;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bogart, William T. & Cromwell, Brian A., 1997. "How Much More is a Good School District Worth?," National Tax Journal, National Tax Association, vol. 50(2), pages 215-32, June Cita.
- James Heckman, 2010.
"The Effect Of Prayer On God'S Attitude Toward Mankind,"
Western Economic Association International, vol. 48(1), pages 234-235, 01.
- Heckman, James J., 2008. "The Effect of Prayer on God's Attitude Toward Mankind," IZA Discussion Papers 3636, Institute for the Study of Labor (IZA).
- Blinder, Alan S, 1974. "The Economics of Brushing Teeth," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 887-91, July/Aug..
- Oates, Wallace E, 1969. "The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 77(6), pages 957-71, Nov./Dec..
- Brasington, David M. & Hite, Diane, 2005.
"Demand for environmental quality: a spatial hedonic analysis,"
Regional Science and Urban Economics,
Elsevier, vol. 35(1), pages 57-82, January.
- David Brasington & D. Hite, . "Demand for Environmental Quality: A Spatial Hedonic Analysis," Departmental Working Papers 2003-02, Department of Economics, Louisiana State University.
- Gregor W. Smith, 2008.
"Japan's Phillips Curve Looks Like Japan,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 40(6), pages 1325-1326, 09.
- Lachmann, Ludwig M, 1976. "From Mises to Shackle: An Essay on Austrian Economics and the Kaleidic Society," Journal of Economic Literature, American Economic Association, vol. 14(1), pages 54-62, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.