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Objective Value and Prices

M. Northrup Buechner

Presented at: IRM 1998

Date: Jun 28, 1998

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.)



Handout: none


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