Subjective Value and Market Prices

Tags: Austrian Economics Overview, Subjectivism, Value and Exchange

07/21/2025 Jeffrey M. Herbener

Jeffrey Herbener explains how Austrian price theory reveals the logic of voluntary exchange and subjective value, and why market prices emerge not from production costs, but from personal preferences and economizing choices

Recorded at the Mises Institute in Auburn, Alabama, on July 21, 2025.

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