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Pastimes : Austrian Economics, a lens on everyday reality

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To: Don Lloyd who wrote (130)	9/19/2002 3:01:02 PM
From: Wildstar	Read Replies (1) of 445

Don, I would say that the potential buyer of plywood who is the last to down rank his highest ranking of the subjective state that includes boarded up windows, as the price of plywood increases from zero, is the one with the most urgent subjective demand. This makes sense, but only if the corresponding rank-levels of various buyers (i.e., rank 1 of buyer 1 vs rank 1 of buyer 2 vs rank 1 of buyer 3, etc.) are in some way an objective cross comparison of urgency.

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