Response to Wysocki on indifference
Response to Wysocki on indifference
Author(s): Walter E. BlockSubject(s): Philosophy, Economy, National Economy, Micro-Economics, Ethics / Practical Philosophy, Special Branches of Philosophy, Philosophy of Science, Human Resources in Economy, Socio-Economic Research
Published by: Copernicus Center Press
Keywords: indifference;supply;diminishing marginal utility;praxeology
Summary/Abstract: Nozick (1977) was a critique of the view of Austrian economics which rejected the notion of indifference in human action. This author claimed that this stance was incompatible with the notion of the supply of a good, and, also, with diminishing marginal utility, both of which were strongly supported by this praxeological school of thought. Block (1980) was an attempt to rescue the Austrian school from this brilliant intellectual challenge. Hoppe (2005; 2009) rejected Nozick’s challenge, and, also, Block’s (1980) response. Block (2009a) and Block and Barnett (2010), defended Block’s (1980) analysis of indifference. The latest contribution to this ongoing discussion is Wysocki (2021) who maintains that Hoppe was correct in his rejection of Nozick, while Block was not. The present paper is a rejoinder to Wysocki (2021).
Journal: Zagadnienia Filozoficzne w Nauce
- Issue Year: 2022
- Issue No: 72
- Page Range: 37-62
- Page Count: 26
- Language: English
