The Devil’s Dictionary of Economics
Search For: (austrian) Definition Total: (1) Page: (1) of (1)
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| Austrian Economics |
Belief in the Subjective Theory of Value and, simultaneously, belief that (to quote Robert Murphy), “the consumer’s good is always the 1st order, regardless of how far back we push the analysis, even if we go back to axes carved by prehistoric men.” See Doublethink.
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