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 "rec_id": "media-theory-and-history-4-the-negation-of-valuation",
 "course": "theory-and-history",
 "title": "4. The Negation of Valuation",
 "speaker": "Ludwig von Mises",
 "source_file": "media/Theory and History/4 The Negation of Valuation Ludwig von Mises.mp3",
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 "text": "Chapter 4 THE NEGATION OF VALUATION In dealing with judgments of value, we have looked upon them as ultimate data not liable to any reduction to other data. We do not contend that judgments of value as they are uttered by men and used as guides to action are primary facts independent of all the other conditions of the universe. Such an assumption would be preposterous. Man is a part of the universe. He is the product of the forces operating in it, and all his thoughts and actions are, like the stars, the atoms, and the animals, elements of nature. They are embedded in the inexorable concatenation of all phenomena and events. Saying that judgments of value are ultimately given facts means that the human mind is unable We do not know why and how definite conditions of the external world arouse in a human mind a definite reaction. We do not know why different people and the same people at various instances of their lives react differently to the same external stimuli. We cannot discover the necessary connection between an external event and the ideas it Produces Within the Human Mind. To clarify this issue, we must now analyze the doctrines supporting the contrary opinion. We must deal with all varieties of materialism.",
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