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" the Quantity Theory resembles various general theories of value (many versions of the doctrine of supply and demand, for example), which have not attempted to explain price as such but have been content to establish a law of price-variations.1 "

Ludwig von Mises , The Theory of Money and Credit


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Ludwig von Mises quote : the Quantity Theory resembles various general theories of value (many versions of the doctrine of supply and demand, for example), which have not attempted to explain price as such but have been content to establish a law of price-variations.1