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65 sats \ 2 replies \ @Rothbardian_fanatic 5 Dec \ parent \ on: Music Has No Economic Value; Convince Me Otherwise (TDE, Joakim Book) BooksAndArticles
Sometimes it is difficult to find the margin because people value things so differently. And, yes, I know, the marginal value is found in the last one bought. I think the liquidity of the market determines how easy it is to find the marginal value of the last bought good.
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40 sats \ 1 reply \ @Undisciplined 5 Dec
You're right, because there's also the marginal unit of the next one to be sold (and we don't know what that one will be sold for).
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65 sats \ 0 replies \ @Rothbardian_fanatic 5 Dec
BTW, I found the post where you and the Mises guy were going at it and cross posted this article there. I think he probably had some inkling of this being published and front-ran it.
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