Humans Have Two Layers Of Subjective Valuation.

Enigmatic we are! Unique.

It is from that origin that each of us goes forward as a creature on a quest for betterment. Every step taken is subjective within the ends/means framework. I deliberately put the ends before the means because the ends chosen is the motivation for seeking out the best means for its attainment.

In an ordinary sense the teen cannot imagine going over to a friend’s house to rendez-vous with his peers without having a funny story to share. To be likeable he chose humor as the best means.

The extraordinary feature of each and all of us is the subjective nature of our means and our ends. Talk about the complexity of the human being! No one knows what an individual values as an ends at any particular moment because it is within the veiled thymology that only the originator of the value can understand. That is just the first layer and it is clear that there is no way to predict or assess that subjective valuation.

Layer two may appear more assessable because it is empirical in the sense that it is made manifest by action. The specific means chosen does not reveal very much since it is only an expression of a relative nature; this is preferred over that for the time being.

The hidden complexity of each and every human being surely makes it certain that economics and ethics are qualitative sciences not quantitative. All this can be deduced from the knowledge that human beings are subjective. To ignore human subjectivity, which is the common approach contemporarily, is greatly flawed and explains to a large extent the ineffectiveness of those who espouse such an unscientific approach to human science.

The scientifically correct method for the human sciences is the methodology of subjectivism. Using logic, it explores human actions within the context of freedom, fully aware that humans have eons ago identified the beauty and value of social cooperation.

What will you do or say the next time you hear the economic charlatans trying to manipulate others by using their data and empirical analysis?

Contact me since you are interested in the art and science of economics.


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