Carl Menger's Principles of Economics - I
Hermitix
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The Importance of Human Requirements
Humans only experience needs for goods of the first order. If men do not require need to these goods, requirements for higher order goods would also cease to exist. Many needs are dependent on influences which we cannot control or foresee. Medical services are a great example. You suddenly get some random illness. No one would have predicted that we needed fidget spinners. But that arose from somewhere, that the parent need. So we move on to human requirements. This is split into three sections. A, requirements for goods of first order and subject of goods.
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