Carl Menger's Principles of Economics - I
Hermitix
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The Mangarian Vision of Wealth
There is a clear opposition of interests among its individual members and thus modernizing all these individual needs, often opposing one another into a single lump is a fiction. So when we speak of national wealth in the Mangarian vision, it's simply a composite of wealth of its members. But really all you need to remember is that wealth property is inclusive of non-economic goods. There is some stuff on wealth further on as we get to the theory of value, which is the next chapter. We'll see you in the next video.
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