Mises Wire
Author:
Robert Blumen
Online Publish Date:
In addition to his rejection of the Misesean/Rothbardian critique of the Real Bills Doctrine, Dr. Antal Fekete has taken issue with Mises monetary theory. Don Lloyd has noted the following passage : ...According to Carl Menger, subsequent units of a commodity are valued less by the economizing individual than units acquired by him earlier. This is