The Value of Goods of Higher Order
There is no necessary connection between the value of present consumer goods and the value of currently available capital goods.
There is no necessary connection between the value of present consumer goods and the value of currently available capital goods.
Whether it's diamonds and water or hardbacks and e-books, the only cogent explanation for prices comes from the Austrians, not the classical economists.
From Man, Economy, and State, narrated by Jeff Riggenbach.
From Man, Economy, and State, narrated by Jeff Riggenbach.