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Value

  • Michael Perelman
Chapter
  • 61 Downloads

Abstract

Economics consists of two distinct layers of theory. The most superficial one comprises self-evident propositions that are virtually unquestionable. Within this context, economics teaches that an individual prefers more to less; that lower prices encourage consumption and discourage an individual firm from increasing production. All of these propositions would seem to represent common sense rather than some scientific insight.

Keywords

Stock Market Intellectual Property Discount Rate Nobel Prize Stock Prex 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Michael Perelman 2003

Authors and Affiliations

  • Michael Perelman

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