Before I continue with my assessments of socialism and capitalism, I must return to a subject that I will touch on many times on this blog: the source and measure of value. For an economic system to operate, market participants must have a consistent and reliable measure of value. They must know the value in … Continue reading The Source and Measure of Value
Tag: source
Value Source – Review
The source of value has huge significance in the development of economic theory.
Value: Source
Think about the source of economic value. Don't we need to know the source of value before we can clearly understand market activity?