Dr. Buechner presents the latest developments in his application of Ayn Rand's concept of objective value to economics. Focusing on the meaning and function of prices in a free economy, he covers such topics as: price as something more than an amount of money; subconscious integration as the base for grasping a price; the relation of a price to individual values and evaluations; market prices as neither intrinsic necessities nor subjective whims, but objective choices; the objective theory of prices extended to auction prices and negotiated prices; objective prices as the key to explaining the operation of a free economy. 

(Some material presented at prior conferences will be repeated.)