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Prices Are Not Measurements of Value
One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better.
Original article: Prices Are Not Measurements of Value
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By Mises Institute
4.7
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One of the fallacies of modern academic neoclassical economics is that we can take cardinal measures of value. Austrian economists, beginning with Carl Menger, know better.
Original article: Prices Are Not Measurements of Value
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