James Buchanan in his book The Reason of Rules(10.2.9) states: The individual is the unique unit of consciousness from which all evaluation begins. Note that this conception does not in any way reject the influence of community or society on the individual. The value structure of an isolated human being may be totally divergent from that of such a person described by membership in one or many social relationships. The presupposition requires only that societal or communitarian influences enter through modifications in the values that are potentially expressed by the individual and not externally. Armen Alchian and William Allen in Exchange and Production: Competition, Coordination, and Control : Groups, organizations, communities, nations, and societies are best understood by focusing on the incentives and actions of their members. A business, union, or family may be formed to further some common interest of its members, but group actions are still the results of decisions of individu...
In the pursuit of freedom, this blog seeks to promote free market values through the understanding of politics, philosophy, and economics.