domingo, maio 07, 2006

“In principle, utility, be it total or marginal, was considered a psychic reality, a sensation that became evident from introspection, independent of any external observation […] with directly measurable proportions. I believe this was Menger and Böhm-Bawerk’s opinion”

in: Schumpeter J. A. (1954), History of Economic Analysis, London, George Allen and Unwin.

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