Related Authors: Ludwig von Mises | The Theory of Money | Credit
Related Topics: capitalism, economics, freedom, money










To measure is to determine the ratio of one quantity to another which is invariable or assumed to be invariable. Invariability in respect of the property to be measured, or at least the legitimacy of assuming such invariability, is a sine qua non of all measurement. Only when this assumption is admissible is it possible to determine the variations that are to be measured.
Related Authors: Ludwig von Mises | The Theory of Money | Credit
Related Topics: capitalism, economics, freedom, money
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