A post yesterday on the admirable Mises Institute website showed that economists, and many others, continue to be baffled by the difference between value and price. Peter St Onge, an assistant professor at Taiwan’s Fengjia University College of Business, wrote…
Category: Value
If price doesn’t work in service economies, you need a robust theory of value
On Wednesay, a comment by Professor John Kay in the FT about the frustration among students of economics called for the profession to address key issues rather than technical models. But what is the key issue economics should address? Followers…