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MISES, ROTHBARD AND SALERNO ON COSTS
Download This ArticleAbstract
This paper is an attempt to wrestle with the concepts of costs, causality, subjectivism, derived demand, inflation, supply and demand, and with the views of three Austrian economists on all of them: Mises, Rothbard and Salerno. In our view, in contradistinction to theirs, the choices of both buyer and sellers, in the consumer and producers goods markets, contribute to price determination. Our claim is that they give too short shrift to the latter markets.
Keywords: Costs, Causality, Subjectivism, Austrian Economics, Derived Demand, Inflation
How to cite this paper: Barnett II, W., & Block, W. (2006). Mises, Rothbard and Salerno on costs. Corporate Ownership & Control, 3(2-1), 204-206. https://doi.org/10.22495/cocv3i2c1p5