Note 220 — Chapter XI · THE ULTIMATE RELATION OF COST TO VALUE
Reading edition
As Professor Macvane exclaims, the Austrians seem to reason as if the good fairies determined what the supply of commodities shall be. See The Quarterly Journal of Economics, vol. v, p. 24. Concerning Professor Macvane’s general attacks on the Austrian position, it is only fair to say, however, that he appears in the main issues entirely to miss the point of the utility theory. See also the same journal, vol. vii, p. 255, and the Annals of the American Academy of Political and Social Science, vol. iv, p. 348.