Using Goods vs. Exchanging Them: Menger Explains the Difference

Tags: Value and Exchange

08/14/2021 Antony P. Mueller

In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange.

Original Article: “Using Goods vs. Exchanging Them: Menger Explains the Difference“

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.