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One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to be a common-sense principle, it actually has important implications for economic theory.
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Jennifer Huddleston In July 2024, millions of individuals and businesses found their lives disrupted by a global IT outage caused by a faulty update...
Deirdre N. McCloskey On July 25, more than four years after the emergence of COVID-19 and the authoritarian reaction to it by the state,...
