Day 279 – Aggregates

October 6, 2009

Today’s post is short.

After a meeting of the Classical Liberal Organization tonight in which a few people confused this, I feel the need to say something about this:

Aggregates don’t act. Aggregates don’t make choices, laws, invade other countries, or have rights. Only individuals which make up those aggregates make choices, act, have rights, and the other things that follow. Groups don’t do things. Individuals inside groups do things.

This has all kinds of implications which I will leave you to ponder. I am open to any questions, just email me or post a comment.

Oh, and here is something else which is also commonly misunderstood: a change in price does not change demand, only quantity demanded. Raising the price of ice cream will not change an individual’s demand of ice cream, only the quantity he or she demands. Think about it.