Tag: Last traded price (economics)

Close up hand of man pushing button on vending machine for choosing a snack or drink. Small business and consumption concept.

^{Type
post

Richard W. Stevens
Date
September 14, 2026

Categorized
Economics, Philosophy of Mind

Tagged
Diminishing marginal value, Last traded price (economics), Mutual gains (economics), Praxeology, Scale of values (economics)}

Economics: It’s All About the Human Mind

_{What an ice-cold cola teaches about value, choice, and exchange} _{Richard W. Stevens
September 14, 2026

6

Economics, Philosophy of Mind}

The sometimes-forbidding terminology economists use is rooted in very basic principles of human behavior, ones that can easily be illustrated.