Where Prices Come From: Menger Explains

Tags: Value and Exchange

08/31/2021 Antony P. Mueller

Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one’s life.

Original Article: “Where Prices Come From: Menger Explains“

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