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Carl Menger's Principles of Economics - I

Hermitix

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The Importance of Good Character

"Menger's notion of good character is reliant on some external notion of legitimization regarding whether or not something truly satisfies," he says. "For menger, a civilization, knowledge, an understanding progress, the amount of true goods which aren't imaginary increases and the amount of imaginary goods decreases" He adds that one person can consider imaginary another person might not.

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