Subjective Valuation Versus Arbitrary Valuation

23/01/2024 7 min Episodio 2643
Subjective Valuation Versus Arbitrary Valuation

Listen "Subjective Valuation Versus Arbitrary Valuation"

Episode Synopsis

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