249. What Is Subjective Value?
- Author
- Connor Boyack
- Published
- Mon 24 Jan 2022
- Episode Link
- https://tuttletwins.libsyn.com/249-what-is-subjective-value
Economists who think they can plan for the entire economy get a lot of things wrong. The most important thing they get wrong is ignoring the role individual preference plays in determining the value of goods and services.
