Rational consumers, through their purchasing decisions, determine which goods get produced and which do not through the free market mechanism of expressing subjective value preferences, making the most important aspect of production not manufacturing capacity but careful decisions about what to manufacture.
causalpending
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Unidentified Speaker — The Most Important Economic Schools of Thought | Economics … [o6UXRZ2XwgU]Evidence Quote
“Who is it that decides that these goods dont get made? Rational consumers. So suddenly the Austrian school of economics added a second role to the free market, not only was it a medium of exchange that let people specialise and produce more, it also decided what it is that would be produced and what it is that would not.”
Created: 8/11/2026, 1:43:55 AM
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