Mises saw essentialist values as fallacies because they were unverifiable and saw metaphysical ideas as a key component of authoritarianism. His solution was utilitarianism.

Original Article: "Libertarian Law by Democratic Means: Utilitarianism and the Demythologization of Authority"
This Audio Mises Wire is generously sponsored by Christopher Condon. 

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I have previously explained how for Ludwig von Mises, democracy is necessary for the libertarian society because of its usefulness in achieving and maintaining social peace, insofar as social peace is a prerequisite for economic and civil liberty.
This time I want to explain an idea that is implicit in Mises’s subjectivist philosophy and that leads him to defend democracy, understood as the consent of the governed, but which may go unnoticed because it is dispersed throughout his work: a “philosophy of consent.” Mises’s philosophy of consent is not a “value judgment,” but a “factual judgment”—a description of the functions—of human action in the realm of norms, authorities, and government.
Demythologization of Social Conventions
Mises explains that free-market