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The Value of Money

Note 76 — Chapter V

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Positive Theory of Capital, Bk. IV, and Grundzüge der Theorie des wirtschaftlichen Güterwerts, in Conrad's Jahrbücher, 1886. The writer who would adhere to Schumpeter's doctrine must give up all notion that any individual occupies a critical "marginal" position. All men are equally marginal in Schumpeter's scheme.

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