Price is the result of the subjective valuations of the exchangers. One good is being exchanged for another. The exchangers … Read the rest
Category: Subjective Value
Money and the Value of Money
It should be clear, nothing has value in itself, only the naïve would think this. In other words, value is … Read the rest
Subjective Value
Value judgments express preferences of the acting individual. Action is aimed at the substitution of one state of affairs for … Read the rest