Subjective Valuation Versus Arbitrary Valuation
Jan 23, 2025•Ep. 2643
Episode description
One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences.
Original article: Subjective Valuation Versus Arbitrary Valuation
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast