It is scarcely necessary to point also to the great importance which the principle of remuneration according to the value of services rendered (the principle of equivalence) has in authentic economic analysis. It has that degree of importance because it is the controlling principle for the whole price-and-income-determination process, a principle which is at one and the same time an ethical and an economic one.
-From Heinrich Pesch’s Ethics and the National Economy (1918)
Matt
npub1mp…lh7te
2023-02-28 14:31:03
in reply to nevent1q…qe5l
Author Public Key
npub1mpx47sgwhfr03m5u3et240ugn9h57r3mx25dsl20qarkllgmm4ws7lh7tePublished at
2023-02-28 14:31:03Event JSON
{
"id": "b91bad616831cd272d3e8924086cb8d723383c04544cbd75122dffe41117f53d",
"pubkey": "d84d5f410eba46f8ee9c8e56aabf88996f4f0e3b32a8d87d4f07476ffd1bdd5d",
"created_at": 1677594663,
"kind": 1,
"tags": [
[
"e",
"da22081b66f5e01120dfc013655f4c28427a17dd19229723ff64729602d66a58"
]
],
"content": "It is scarcely necessary to point also to the great importance which the principle of remuneration according to the value of services rendered (the principle of equivalence) has in authentic economic analysis. It has that degree of importance because it is the controlling principle for the whole price-and-income-determination process, a principle which is at one and the same time an ethical and an economic one.\n-From Heinrich Pesch’s Ethics and the National Economy (1918)",
"sig": "473ba0db81b7e60c3279421a78d65e28b4a0b54c8368e132cb7b7742dae8a7c431137ae6622c319f773e9992dbf0937bb46b9ddc963f0700c01a84d18654742b"
}