New Perspectives on Economic Theory
Jun 29, 1996
The indispensable foundation for a valid science of economics is Ayn Rand's concept of objective value. Building on this concept, Dr. Buechner discusses the implications of objective economic value for two fundamental economic theories. He presents (1) a radical reformulation of the law of supply and demand that answers the modem objections to the law, making it fully applicable to economic reality for the first time, and (2) a new conceptual framework for grasping the economy as a whole, which eliminates the foundation of Keynesian economics.
(Some material in this course was presented at prior conferences.)