Quotes About Subjectivist

Early economic theory was rooted in the Italian, French, and Spanish traditions, which were subjectivist oriented. Then it shifted onto the terrible path by Smith and Ricardo and the British classical tradition, which is 'objectivist' - values are in inherent in production.

At least some of them, I suspect, have turned to probability theory in the hope that it would give them what they had originally expected from a subjectivist or epistemological theory of the attainment of truth through verification; that is, a theory of rational and justifiable belief, based upon observed instances.