Mike Rozeff Swallows the Fallacy of Interpersonal Comparisons of Utility
My friend Mike Rozeff objects to my analysis of utilitarianism from an Austrian point of view. My claim was that we cannot say, qua praxeologists, that forced transfer of money from rich to poor definitively harms, reduces, social welfare. Mike rejects this. Suppose that Mike is rich and I’m poor. I pull out a gun and aim it at him and demand that he give me $100 (or I get a law passed to the same effect). He will now be poorer, and me richer, ignoring all other aspects of this “transaction.” In my (Rothbardian) perspective, his utility or welfare … Continue reading Mike Rozeff Swallows the Fallacy of Interpersonal Comparisons of Utility
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