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 Originally Posted by wufwugy
The economics framework is that people act based on value assessments, regardless of what they are. They call this rational. This view has meaning because then if you can model value assessments, you can model behavior, or something to that effect.
Objectivism also believes that people act based on their set of values. But I believe that it differs from the economic framework in that value systems can be deemed irrational if they are poorly formed. Or, at the very least, the actions resulting from a poorly formed value system is irrational.
It still seems to me that economists are ignoring the actual value systems and instead just using a lot of fast-talking to establish a premise that lets them model whatever they want. Or I'm still missing something. I never studied economics, so that's a possibility, I guess.
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