...unfortunately Rand did not take into account marginal utility, a basic tenet of free market economics, as I illustrated in examples in my replies to you above.
Randroids who stop with Rand and do not learn about these fundamental principles of laissez faire economics are doing themselves, the objectivist movement and others you are trying to educate a disservice.
This was the fatal flaw in Randian Objectivism.
As I said, I consider myself an objectivist because I am in 100% agreement with what you have written here. I am trying to enlighten you to the fact that Rand's Objectivism is incomplete and has at least one logical inconsistency when it comes to individual utility, a basic premise of free market economics.
Want DP delivered to your inbox daily? Subscribe here: