Description
Pesch explores the exchange process which involves an analysis of value and pricing process for goods. Central to Pesch’s solidaristic system is the concept of the just price. He does not accept the concept that the market, when left to its own resources, determines the price. Instead Pesch introduces new modern economic thinking that constitutes how prices should be determined based on a moral basis. He discusses stages in the economic process: exchange and income determination and deals with money and the banking system, foreign exchange, and entrepreneurial income.
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