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The Law of Returns
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allocated analysis barrels of fish berries butter buyers capital value capitalists cash balance chapter consider consumers consumption cost Crusoe demand curve demand schedules demand to hold determined diagram direct exchange direct use-value discounted DMVP durable earn economic eggs ends equal equilibrium price example exchange-value expenditures factors of production forgone free market future money grains greater higher horse human action increase individual interest rate investment Jones labor services land and labor law of returns loan market lower Ludwig von Mises marginal utility market price Mises monetary money income money price nature-given factors ounces ounces of gold owners period praxeology preference present money production process psychic purchase pure quantity ranked rate of interest rent reservation demand revenue savings sell sellers sold sumers supply and demand supply curve Suppose tend theory time-preference tion unit value product value scale various