Tag Archives: subjective value

“Objective Merit”, Subjective Values, and Arguing About Taste

It’s easy to forget that there is really no such thing as “objective merit”. At some level, all judgements of merit are based on human preferences, and driven by individual tastes. There is no other way. While I would quickly agree that some preferences—and some systems of judging merit—may be “better” than others, I’d have […]

Posted in Economics | Tagged | Comments closed