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Objectivism: The Philosophy of Ayn Rand IX

Topics for this week from Leonard Peikoff's "Objectivism: The Philosophy of Ayn Rand":

Chapter 10: Government

Chapter 11: Capitalism

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  • Tom H.

    I was thinking about the idea that primitive Man first exchanged "items of (mystical) status" rather than "goods". It seems to me that, for a mystically-minded man (which is the default), status would be the ultimate "good". So the conventional history of how gold has come to be the accepted standard of exchange is actually correct; it's just that our concept of "value" has evolved.

    August 18, 2014

  • Orrin S.

    Excellent presentation. Very informative. Thank you.

    August 17, 2014

  • Michael E. M.

    Thanks for the indulgence. I believe that the topic was germane to capitalism. I will post links in the Discussions so that others can follow my research. It does underscore the subjectivity of values that these items that are nominally "rare" are dirt cheap in the markets. My mother played the piano and we had fat books of Chopin etudes and 4-page foldouts of Sinatra, both priced about the same. "Good music is cheap; and cheap music is expensive," she said.

    August 17, 2014

  • Tom H.

    Oh Man ! 20th century stock certificates. How do you keep them from crumbling and blowing away ?

    August 11, 2014

  • Michael E. M.

    For this discussion, I will be bringing "Show and Tell" items: money objects including ancient Greek coins and 20th century stock certificates as well as bank drafts, and private currency. For all of our ability to quote "Francisco's Money Speech" our Austrian comrades left us without much empirical evidence, only Kantian rationalist theories. Just for openers, merchants did not invent coinage; and coinage did not evolve from bullion; and bullion did not evolve from commodity barter. Von Mises presents the same history of money as Karl Marx, the only difference being that Marx actually based his fallacies on the best empirical knowledge of the time ...

    August 4, 2014

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