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Carl Menger's Principles of Economics - I

Hermitix

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The Problem of Time in Relation to Human Needs

Mengra seeks to tackle the problem of time in relation to human needs. See the time limit within which human needs are found, he says. The goods of a certain order have encroached into the possibility of a period of time unrelated to their production. That's such an understanding of these production based time periods between higher and lower orders of goods allow men for men to utilise greater foresight in relation to needed output.

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