True.
That is what Menger says roughly:
In the course of money-mediated barter trade, markets arise on which price formation takes place.
Monetary market prices also increase the level of information of market participants about the existing market situation.
The "exchange value" expressed in money, the so-called "monetary value" of the goods, which appears as a "price", merely represents an exchange relationship between the purchased goods and the money.
scalatheagorist
npub1k8…m95sd
2023-02-26 23:38:57
in reply to nevent1q…2vjm
Author Public Key
npub1k8jf2p8lvc8ep07dxesalf6ajvxlej2g6fzflnlvtlx8vp8qgc4smm95sdPublished at
2023-02-26 23:38:57Event JSON
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