Objectivism is similar to Marxism in that it is based in the tradition of the Continental rationalist Enlightenment rather than the British empirical Enlightenment. That kind of reasoning-from-first-principles tends to produce an epistemically closed system that on its own terms cannot be falsified by any conceivable data (see Austrian school of economics).
Rand fancied herself a philosopher but she never fancied herself an economist -- she assumed the superior efficiency of a market economy but never tried to prove it, and it would be beside the point anyway -- everything important about her philosophy is implied by its ethical premises, that's what it's all about, not practical results.
Is there anything about Objectivism which has any value or relevance in this day and age?
And does anybody who claims to read Rand actually do so? We all read Anthem because it was the shortest book on the summer reading list, but apart from that.
Rand fancied herself a philosopher but she never fancied herself an economist -- she assumed the superior efficiency of a market economy but never tried to prove it, and it would be beside the point anyway -- everything important about her philosophy is implied by its ethical premises, that's what it's all about, not practical results.
Is there anything about Objectivism which has any value or relevance in this day and age?
And does anybody who claims to read Rand actually do so? We all read Anthem because it was the shortest book on the summer reading list, but apart from that.