Carl Menger's Principles of Economics 150th Anniversary
Letter - 9th April 2021 🥨
"The practical man distinguishes very well the capacity of an object to satisfy one of his needs from its value. But this confusion has become an enormous obstacle to the development of the more general theories of our science” Carl Menger "Principles of Economics" (1871)
"In 1968, most, if not all the major defence contracts a…
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