Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Austrian Economics, a lens on everyday reality -- Ignore unavailable to you. Want to Upgrade?

To: Wildstar who wrote (124)	9/17/2002 4:29:27 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 445

Wildstar, mises.org However, I don't think Austrian economists would approve the use of terms such as "frivolous" or "important" to describe ends, especially from an outside observer like me. What would Austrian economics say about the hierarchy of buyers and sellers that market prices create in such a situation? Free market prices allocate available supply to the buyers who have the most urgent subjective demand for the product, as well as attracting new supply. The ideas behind 'frivolous' and 'important' would seem to be valid. Regards, Don