While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals.

Original Article:&nbsp;<a href="https://mises.org/wire/objective-science-subjective-value" target="_blank">The Objective Science of Subjective Value</a>

While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals. Original Article: The Objective Science of Subjective Value{ai:summary}<p>Most economists focus on scarcity and choice, but fail to recognize the significance of purposeful action in determining value. #economy</p>

The Objective Science of Subjective Value

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