How People Determine the Value of a Good
"In contrast to the imaginary way that mainstream economists present value, Austrian economists properly use ordinal rankings to determine value."
How People Determine the Value of a Good
"In contrast to the imaginary way that mainstream economists present value, Austrian economists properly use ordinal rankings to determine value."
"[A] good’s usefulness to secure one’s ends gives it value. We rank goods ordinally according to their ability to satisfy our needs."