I am honored to have this month's column at the Library of Economics and Liberty. In "The Relentless Subjectivity of Value" I go from ultra-statist to subtler "free-market" versions of an error -- that is, the slide between subjective and objective value.
[T]he circumstances of time, context and perspective are like delicate filaments that connect the economic actor to the world. We risk destroying these filaments with too many aggregates, abstractions and models divorced from reality. And when we make concessions to a collective good that doesn't exist, we may win the argument, but lose the individual.
I may be the first non-economist, non-PhD to write this column. I don't know if that represents falling standards of quality over there or a thumbing of noses at the credentialization of everything... But one thing I do know is it's an honor to have even been asked to write the column. I hope you find the piece interesting. I'm certainly in the company of some tremendous thinkers who've written that column. I hope I can do more for them.