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Final Price

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The price corresponding to the future state of rest is called the final price. The prices in a market economy tend toward equilibrium and final prices. The fictional evenly rotating economy is in equilibrium and therefore all prices are final prices.[1]

References

  1. ↑ Ludwig von Mises. XVIII. The Scope and Method of Catallactics, 5. The State of Rest and the Evenly Rotating Economy, Human Action, online version, referenced 2011-02-04.
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