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Pastimes : Austrian Economics, a lens on everyday reality
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To: Wildstar who wrote (300)11/16/2003 1:07:49 AM
From: Don Lloyd   of 445
 
Wildstar,

To summarize Callahan's article:
To the degree that different objects are not valued unequally to satisfy some end, they are the same economic good, and any choice between them is economically irrelevant.

To the degree that different object are valued unequally to satisfy some end, they are different economic goods, and any choice between them reveals preference for the chosen good over the others.

In the end, choice always reveals economically meaningful preference.

It's too late to review the article, but I don't limit potentially indifferent satisfactions to being a single good or a single end, but am perfectly willing to allow satisfactions to randomly fall where they may.

Regards, Don
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