Goods and services: Carl Menger a reference about interest

in market •  6 years ago 

The issue of interest has to do especially in the way in which goods and services are estimated by the individual; not only in terms of how they satisfy needs, but also their value over time. In this way, so important are the goods in the present, that it is also necessary to consider that those goods and services are more important in the future, since the survival of the individual depends on it.

In relation to this, Carl Menger argues that:

"To the extent that the maintenance of our lives depends on the satisfaction of our needs, guaranteeing the satisfaction of earlier needs must necessarily precede attention to later ones. And even where not our lives but merely our continuing well-being (above all our health) is dependent on command of a quantity of goods, the attainment of well-being in a nearer period is, as a rule, a prerequisite of well-being in a later period. Command of the means for the maintenance of our well-being at some distant time avails us little if poverty and distress have already undermined our health or stunted our development in an earlier period."

Carl Menger, Principles of Economics (New York: New York University Press, 1976), p. 153.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hello ludwigvonmises
You are welcomed by the service of FreeResteem.
We want to bring more people to your post.
If you like our service then put a upvote under this comment.
Thank you for remain with Steemit.

Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #cheetah-appeals channel in our discord.

This is a lie. Also, this is a robot from a group of people who think that others are stupid and are not able to distinguish ... nothing. Censorship and control of information, how it is disclosed and presented, is not a problem, but rather of those who produce and conduct it. Let people decide if it's worth it or not read.

The people behind this robot have no more value than the infamous, thieves and destroyers of totalitarian regimes.

It is a shame.

Only for remember:

Point number 7 of the terms of the Steemit service: "7.No Liability for Third-Party Services and Content

7.1. In using our Services, you may view content or utilize services provided by third parties, including links to web pages and services of such parties (“Third-Party Content”). We do not control, endorse, or adopt any Third-Party Content and will have no responsibility for Third-Party Content including, without limitation, material that may be misleading, incomplete, erroneous, offensive, indecent, or otherwise objectionable in your jurisdiction. In addition, your dealings or correspondence with such third parties are solely between you and the third parties. We are not responsible or liable for any loss or damage of any sort incurred because of any such dealings and you understand that your use of Third-Party Content, and your interactions with third parties, is at your own risk."

your blacklist... bullshit.