5/🧵 #blacklions
Real goods comply with four basic prerequisites:
A human need to be satisfied
A thing must have the properties capable to establish a causal connection to satisfy a human need (I hope this will be clarified later).
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This is true. A good is not considered a real one if it cannot satisfy a need.
It seems Menger's exposition is too academic at first, but it made sense to me.
#blacklions
Yes it does make a lot of sense. #blacklions