Mises’ Incomplete Theory of the Value of Money
Ludwig von Mises introduced the concept of marginal utility into Austrian economics. He presented what he described as a complete theory of the value of money on the basis of the subjective theory of value and its peculiar doctrine of marginal utility. It is shown here that Mises’ theory of value is...
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| Format: | Article |
| Language: | English |
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University of Miskolc
2017-08-01
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| Series: | Theory, Methodology, Practice |
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| Online Access: | https://doi.org/10.18096/TMP.2017.01.01 |