Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 124–128
What is the relationship between opportunity cost, choice and action? In my review of Eduard Braun’s Finance behind the Veil of Money (2014), I took exception with his view that opportunity costs are not only unnecessary, but even detrimental to understanding decision making.
The most substantial difference between our views comes from Braun’s treatment of the relationship between opportunity cost and choice.
