One of the most important take aways from Part 1 of Principles of Economics is that value isn't a unit of measure like length or temperature. It is ordinal, not cardinal and is determined at the margin.
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One of the most important take aways from Part 1 of Principles of Economics is that value isn't a unit of measure like length or temperature. It is ordinal, not cardinal and is determined at the margin.
No replies yet.