Varieties of Austrian Price Theory

Varieties of Austrian Price Theory
- Highlight Loc. 320-22  | Added on Wednesday, November 23, 2011, 07:39 PM

Chap 7 and subsequent chapters: General comment—no sense is obtained of imputation from consumer demand down to determining prices. As in Stigler-type analysis, prices are always there, given, when they are supposed to be explained, and determined. Vitiates the entire analysis.