Leading the Revival of Individualism & Self Reliance

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69 search results for: subjective value

1

Subjective Value: Best Story Wins.

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Same with Tesla, isn’t it? The company is worth seven times more than GM and Ford combined, not because it built a good business but because Elon Musk is good at getting people’s attention. Customers. Investors. Twitter followers – he’s told them all a good story, and the best story wins. This drives you crazy if you assume the world is swayed by facts and objectivity – if you assume best idea wins.

3

The New Economics Of Value And Value Creation.

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The equivalent perspective in Austrian economics comes from methodological individualism – the study of economic energy at its smallest possible scale: the individual, individual choices, and individual transactions. These interactions and transactions roll up into the complex, swirling, ever-changing systems we call firms, markets and, ultimately, economies.

4

Poetic Justice Warrior John Bogle Mines Economic Value in Markets and Reputational Value in Minds

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As a unit of account, money is why the price mechanism is essential to efficient markets. As a medium of exchange, its how the most people are able to experience and voluntarily share their pursuit of happiness. As a store of value, John Bogle saw a marvelous opportunity for value creation – exploit the price mechanism of efficient capital markets for the benefit of small investors.

7

Individual Economics Shows Each One Of Us The Pathway To The Good Life.

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Every individual plays two economic roles, as consumer and producer. In these roles, every individual is involved in transactions or exchanges. What individual economics has discovered is that, for an exchange to take place, each party to it must feel that they are benefitting. An exchange is mutually beneficial. Economics is never about exploitation, and always about shared betterment.

10

The Standard Bearer For The Spirit of American Conservatism And Ideas Of Civilization – Gertrude Himmelfarb

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Working class families readily put these values into practice and improved their lives and their communities. The evidence is overwhelming – quality of life rose, fertility rates and population increased, illegitimacy and crime rates fell, and sanitation and health care systems improved. Coincidental to this was the emergence of an impressive network of privately organized social safety nets for people who were unable help themselves.

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