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In feudal times, merchants were often derided for supposedly charging a price different from the "true price" of products. So perhaps not in any serious modern
by Kalium 5y ago
In feudal times, merchants were often derided for supposedly charging a price different from the "true price" of products.
So perhaps not in any serious modern economic philosophy, but people definitely arrive at this idea in naive ways.
- anoncake 5y agoAnd rightly so. Value may be subjective, but cost – and thus the correct price of a good – is not.