Rejoinder to Hoppe on Indifference by Walter Block (Loyola University)The Austrian position on indifference (Rothbard 1997) is that it cannot account for or explain human action. Nozick (1977) criticized praxeologists for this viewpoint, maintaining the indifference was necessary for the concepts of supply, goods, marginal utility, all of which, he claimed correctly, Austrians relied upon. Thus, they were guilty of contradicting themselves. Block (1980) attempted to defend praxeologists against Nozick’s (1977) critique, taking the position that homogeneity and indifference were incompatible with human action. In the context of choice, indifference could not be contemplated. Hoppe (2005) takes Block (1980) to task for not fully succeeding in overturning Nozick (1977) and for errors of omission and commission in his attempt. The present essay is a reply to Hoppe (2005).
Source link: http://archive.mises.org/5444/block-on-indifference-working-paper/
Block on Indifference: Working Paper
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