scalatheagorist on Nostr: Why is the price fucking important? If economic accounting fails, it is not good ...
Why is the price fucking important?
If economic accounting fails, it is not good money to objectively evaluate and compare monetary prices and values of goods and services. Possible problems: "over- or undervaluation" of assets, uncertainty in planning.
Prices are an accidental phenomenon. They are accidental in that they are the unintended result of an economic exchange based on subjective valuations.
(Menger)
Published at
2023-03-03 07:35:04Event JSON
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"content": "Why is the price fucking important?\n\nIf economic accounting fails, it is not good money to objectively evaluate and compare monetary prices and values of goods and services. Possible problems: \"over- or undervaluation\" of assets, uncertainty in planning.\n\nPrices are an accidental phenomenon. They are accidental in that they are the unintended result of an economic exchange based on subjective valuations.\n\n(Menger)\n\n\n\n\nhttps://i.imgur.com/RyiXxQD.jpg",
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