Do Market Prices Reflect Real Scarcity? Theories and Facts
Do market relative prices reflect real scarcity of resources? If this were so, market prices would provide society with the correct signals about real scarcities. Economics—the science of scarcity— has different answers to this question. Following the principles of current epistemology, the paper r...
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| Format: | Article |
| Language: | English |
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Pontificia Universidad Católica del Perú
2019-09-01
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| Series: | Economía |
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| Online Access: | http://revistas.pucp.edu.pe/index.php/economia/article/view/21151 |