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Ludwig von Mises - Is precisely in market dealings...

Is precisely in market dealings that market prices are formed for all kinds of goods and services, which will be taken as the bases of calculation. Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation. (Ludwig von Mises)

Is precisely in market dealings that market prices are formed for all kinds of goods and services, which will be taken as the bases of calculation. Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation.

Ludwig von Mises

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base calculation free goods market mechanism pricing take dealings services

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