Numbers reveal conceptual relationships. Price movements become powerful sources of inferential knowledge regarding changing historical conditions. The rhythms of price movements signify an historical inevitability as has been shown over the course of the millennia. In the dust of old civilizations archeologists have discovered large numbers of clay tablets and cylinders that reveal the price-series as early as the reign of Hammurabi (circa 1793-1750 B.C.). Price-series in general reveal four levels of abstraction …
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January 7th, 2014
A Prelude to the Historical Inevitability of Price Waves and Rhythms
03 Jun 1981 — 1980s ANONYMOUS UNIDENTIFIED PERSON CHANGING GASOLINE PRICES SIGN — Image by © R. BOWMAN/Corbis
John E. Charalambakis Ph.D., Chief Economist
Numbers reveal conceptual relationships. Price movements become powerful sources of inferential knowledge regarding changing historical conditions. The rhythms of price movements signify an historical inevitability as has been shown over the course of the millennia. In the dust of old civilizations archeologists have discovered large numbers of clay tablets and cylinders that reveal the price-series as early as the reign of Hammurabi (circa 1793-1750 B.C.). Price-series in general reveal four levels of abstraction …
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The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
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