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Carl Menger's Principles of Economics - I

Hermitix

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Menger's Theory of the First Order Connection

Menger calls these goods, goods are the first order, the first order. To make bread, we need to create it first. We need sour flour, salt, water, etc. These goods are in direct cause of connection, all the satisfaction of a need. But Menger also tests the theory of true and imaginary goods first hand. If yes, then the bread is true in relation to its good character. If not, then it's imaginary.

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