The Austrian Circle

Austrian Circle 4: Consumers Choose What is Produced


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https://24b9eb400710dac81e8d-597f4ed4ea6895a41e2bd2978eb66730.ssl.cf5.rackcdn.com/austriancircle/Austrian_Circle_0004.mp3 Consumers are the central, core decision makers about production and all prices of goods and labor. They determine what gets built, how much gets built, what resources are allocated where, how much workers are paid for their labor, and are the motivating factor for producers to meet those consumer’s demands. The idea that business […]
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The Austrian CircleBy Rakkur