Because of the Empire right? It started in Spain and then spread to Imperial territory in Austria which had those late 20th century economists like Hayek,and this is why we all know it as Austrian.even though the groundwork was developed in Spain?
@@squarebynature I'm english, It interesting to learn about even older roots of the study of Economics. Instead of just Adam smith>Karl marx>Hayek /von mises/Milton friedman
Subjective value applies the value of goods and services on a free market, not the cost of rent & wages. While still “subjective”, they are heavily influenced by supply and demand.
my intellectual mentor
When you discover the Austrian school is actually the post spanish scholastic school of economics.
Because of the Empire right? It started in Spain and then spread to Imperial territory in Austria which had those late 20th century economists like Hayek,and this is why we all know it as Austrian.even though the groundwork was developed in Spain?
@@jdlc903 Right! 🙏
@@squarebynature I'm english, It interesting to learn about even older roots of the study of Economics.
Instead of just Adam smith>Karl marx>Hayek /von mises/Milton friedman
Is there a transcript from the lecture?
Is there any way to get this video without the dubbing?
The intro music goes on and on and on. Arrrrgh. It is overwhelming.
2:20 to skip
El montaje a dos voces es brutal...
"Subjective value" is such a ploy.
There's nothing subjective in asymmetrical power relations like landlord-tenant ,Employer-Employee
Subjective value applies the value of goods and services on a free market, not the cost of rent & wages. While still “subjective”, they are heavily influenced by supply and demand.
"Asymmetric power relations" is a contrived dead-end abstraction. Subjectivity is a fact, par excellence.