About this episode
The episode discusses how prices are determined by subjective valuation rather than objective criteria.
We are reminded time and again that prices emerge from subjective valuation, not objective criteria. Original article: https://mises.org/mises-wire/when-chicken-isnt-just-chicken
Topics covered
- subjective valuation
- pricing
- economics
- value perception
Keywords
- prices
- subjective valuation
- economics
- value
- chicken
Mentioned in this episode
Organizations: Mises Institute
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