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Value

Published in Palgrave Macmillan US eBooks • Jan 1, 2003
NobleIDNI8P17W99R61S50
Authors:
Michael Perelman

Abstract

Economics consists of two distinct layers of theory. The most superficial one comprises self-evident propositions that are virtually unquestionable. Within this context, economics teaches that an individual prefers more to less; that lower prices encourage consumption and discourage an individual fi...

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