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Carl Menger's Principles of Economics - I

Hermitix

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Menger's Subjective Theory and Value

The price of a good for Menger in terms of the subjective theory and value, which really is what the Austrian school builds on. And as I said, this is really a cornerstone of this economics and this economic system. But without understanding that that is how the Austrians and Menger is understanding economics we can't really get any way.

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