moneyprice commodity place, assumption completely unrestricted exchang — Ludwig von Mises, Theory Money Credit

Credit Ludwig von Mises The Theory of Money

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The moneyprice of any commodity in any place, under the assumption of completely unrestricted exchange and disregarding the differences arising from the time taken in transit, must be the same as the price at any other place, augmented or diminished by the money-cost of transport.

Ludwig von Mises, The Theory of Money and Credit

Related Authors: Ludwig von Mises | The Theory of Money | Credit

Related Topics: capitalism, economics, freedom, money

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