Money and Reality: Exploring Austrian Economics and The Natural Order of Money with Brad and Ira
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The Subjective Theory of Value in Economics
Bradford: For years, I had totally and still believe in the subjective theory of value as stated in the Austrian economics. It is ultimately always the subjective value judgments of individuals that determine the formation of prices. And then at the same time now over the last 20 years, at least, is this creeping subjectivity into everyday life that nothing is real. So it's actually it's like it's a cognitive dissonance. That's why I liked about this book. It got me to, okay, let me work that out.
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