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Principles of Economics

Principles of Economics
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Description: In the beginning, there was Menger. It was his Principles of Economics that reformulated — and really rescued — economic science from the theoretical errors of the old classical school. Menger set out to elucidate the precise nature of economic value, and to root economics firmly in the real-world actions of individual human beings. In Principles of Economics, he advances the theory that the marginal utility of goods is the source of their value, rather than the labor inputs that went into making them. The implication of this theory is that the individual mind is the source of economic value — a point that touched off the ... (more)
Manufacturer: Ludwig von Mises Institute
Release date: 31 May 2011
ISBN-10 : B0053TYI06 |
Tags: 1871 (1)
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Bruno Roen added this to wanted list 5 months ago