Matt on Nostr: It is scarcely necessary to point also to the great importance which the principle of ...
It is scarcely necessary to point also to the great importance which the principle of remuneration according to the value of services rendered (the principle of equivalence) has in authentic economic analysis. It has that degree of importance because it is the controlling principle for the whole price-and-income-determination process, a principle which is at one and the same time an ethical and an economic one.
-From Heinrich Pesch’s Ethics and the National Economy (1918)
Published at
2023-02-28 14:31:03Event JSON
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