3 ms·
The new work is subtitled "A New Information Theory of Money."[1] But how new is it? I have not read the full work yet, but it seems quite similar to the Austri
by timtas 11y ago
The new work is subtitled "A New Information Theory of Money."[1] But how new is it? I have not read the full work yet, but it seems quite similar to the Austrian school's long held and well developed explanation of prices as information. [2]
[1] https://docs.google.com/viewer?url=https%3A%2F%2Famericanprinciplesproject.org%2Fwp-content%2Fuploads%2FGilder.pdf https://docs.google.com/viewer?url=https%3A%2F%2Famericanpri...
[2] http://austrianeconomics.wikia.com/wiki/Price http://austrianeconomics.wikia.com/wiki/Price