Subjective Valuation Versus Arbitrary Valuation

Subjective Valuation Versus Arbitrary Valuation

Author: Mises Institute January 23, 2024 Duration: 7:27
One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences.Original article: Subjective Valuation Versus Arbitrary Valuation 

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