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How People Determine the Value of a Good

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"

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Frank Shostak
Frank Shostak is an Associated Scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He received his bachelor's degree from Hebrew University, master's degree from Witwatersrand University and PhD from Rands Afrikaanse University, and has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.
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