In contrast to the imaginary way that mainstream economists present value, Austrian economists properly use ordinal rankings to determine value.

Original Article: <a href="https://mises.org/wire/cracked-slobodian" target="_blank">"</a><a href="https://mises.org/wire/how-people-determine-value-good" target="_blank">How People Determine the Value of a Good"</a>

In contrast to the imaginary way that mainstream economists present value, Austrian economists properly use ordinal rankings to determine value. Original Article: "How People Determine the Value of a Good"{ai:summary}<p>Mainstream economists use an unrealistic approach to determine value, while Austrian economists rely on ordinal rankings to determine the true worth of a good. #economy</p>

How People Determine the Value of a Good

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