Munich Personal RePEc Archive

Finance Behind the Veil of Money: Response to Dr. Braun’s Comment

Howden, David (2016): Finance Behind the Veil of Money: Response to Dr. Braun’s Comment. Published in: Quarterly Journal of Austrian Economics , Vol. 1, No. 19 (2016): pp. 124-128.

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Abstract

What is the relationship between opportunity cost, choice and action? In my review of Eduard Braun´s Finance Behind the Veil of Money (2014), I took exception with his view that opportunity costs are not only unnecessary, but even detrimental to understand decision making. The most substantial difference between our views comes from Braun´s treatment of the relationship between opportunity cost and choice.

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