“Each individual, in buying or not buying and in selling or not selling, contributes his share to the formation of the market prices.“- Ludwig von Mises, Human Action
Praxgirl‘s series continues as she explains Mises’ view on market prices and what determines prices of goods and services. Praxgirl also presents how praxeology is different from what we consider hard sciences like physics.
To continue the series, follow the link. http://hessenflow.wordpress.com/2013/01/01/praxeology-monopoly