Economics Dictionary of ArgumentsHome
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| Means and ends: The concept of means and ends in economics involves using limited resources (means) to achieve desired goals or objectives (ends). Ends represent individual or societal needs and wants, while means are the tools or methods employed to fulfill them. Efficient resource allocation is crucial to maximize utility and minimize scarcity._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Murray N. Rothbard on Means and Ends - Dictionary of Arguments
Rothbard III 75 Means and Ends/economics/Rothbard: It is often charged that any theory grounded on a logical separation of means and ends is unrealistic because the two are often amalgamated or fused into one. Yet if man acts purposively, he therefore drives toward ends, and whatever route he takes, he must, ipso facto, employ means to achieve them. The distinction between means and ends is a necessary logical distinction rooted in all human - indeed, all purposive - action. The only sense to the charge concerns those cases where certain objects, or rather certain routes of action, become ends in themselves as well as means to other ends. This, of course, can often happen. Rothbard III 76 The critics of praxeology confuse the necessary and eternal separation of ends and means as categories with their frequent coincidence in a particular concrete resource or course of action. >Praxeology/Rothbard._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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