Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one’s life.

Original Article: “Where Prices Come From: Menger Explains”

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.



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Where Prices Come From: Menger Explains