Risk, Uncertainty And Profit
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The emphasized expressions are so treated because of current ambiguous or actually confused conclusions in re- gard to the beneficence of the results of ideal competition. To call this result socially ideal or the best possible, in- volves assuming in addition to all the theoretical condi- 1 Seligman's treatment (Principles of Economics, pp. 179 ff. And 192 ff. ) is a particularly glaring instance of the organism fallacy. B. M. Ander- son, Jr. 's Social Value involves the same error. Anderson p...alpably con- fuses social influences back of individual judgments and preferences with social judgments and preferences in any proper sense. Of course the individual is a social product, but consciousness is still an individual phenomenon, and the conduct with which economists are concerned no less so. It is individual purchases and sales which fix prices, not social, unless in a socialistic state or one organized in some other way than through free exchange between individuals, the kind economics deals with.
What to read after Risk, Uncertainty And Profit?
You can find similar books in the "Read Also" column, or choose other free books by Frank H Frank Hyneman Knight to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The emphasized expressions are so treated because of current ambiguous or actually confused conclusions in re- gard to the beneficence of the results of ideal competition. To call this result socially ideal or the best possible, in- volves assuming in addition to all the theoretical condi- 1 Seligman's treatment (Principles of Economics, pp. 179 ff. And 192 ff. ) is a particularly glaring instance of the organism fallacy. B. M. Ander- son, Jr. 's Social Value involves the same error. Anderson p...alpably con- fuses social influences back of individual judgments and preferences with social judgments and preferences in any proper sense. Of course the individual is a social product, but consciousness is still an individual phenomenon, and the conduct with which economists are concerned no less so. It is individual purchases and sales which fix prices, not social, unless in a socialistic state or one organized in some other way than through free exchange between individuals, the kind economics deals with.
What to read after Risk, Uncertainty And Profit?
You can find similar books in the "Read Also" column, or choose other free books by Frank H Frank Hyneman Knight to read onlineMoreLess
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