Hermitix cover image

Carl Menger's Principles of Economics - I

Hermitix

00:00

The Importance of Foresight in Trading

Any successful endeavour is reliant on foresight. We wouldn't get what we need, which would satisfy us. To engage in prediction, men must begin to plan. This must be done in accordance with quantities of goods men have available to them. If there is no trade, men don't really care about what other people have. Most reports of censuses allow traders to understand the potential good constraints and thus time constraints when we're talking about those periods of time handed to them by the quantity of goods available. It's called the origin of human economy and economic goods.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app