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- Search found 2 items for:
- Prices
- Jeffrey M. Herbener
- 2008
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Author:
Jeffrey M. Herbener
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Rothbard’s approach to money prices is not as a barter exchange system. Instead, he made money prices the common denominator for all exchange ratios. You can now engage in economic calculation. Every homogenous product will tend to be bought and sold at one particular money price at any given time. The money regression theorem is in this chapter