result from latex compilation, the text itself is based in annotations I made from a book and was reproduced just for the practice of latex.
Citation preview
The General Theory of Goods
LR
April 18, 2015
Abstract
This is an text based on chapter 1 of the book Principles of
Eco-nomics by Carl Menger. The real purpose of this file is to
apply LATEXtothis text I wrote somewhere else.
This text is not to be published, its incomplete and was
writtenfor learning purposes only.
Humans have needs and wants they urge to satisfy, and the things
whichcan be used to that purpose are named useful things. Even
though there arecountless useful things not all of them can be used
in the needs-satisfactionprocess, this is because human actors
either dont know about their usefulnessor they cant direct them to
their ends.
Goods are those things some actor knowns to be useful and he can
direct ittowards their goals; and algo a good need not directly
satisfy the need, but maybe just a step in the causal process
leading to that. They can be classified inorders, where the first
order ones are those that directly satisfy the need,
eachconsecutive order serve only to produce the goods of lower
orders; dependingon the need a good may be in several orders.
