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 2.
The First Deduction: Real in the moment of transaction only
Consequently, (economic) Value has to be regarded as hypothetical
or potential in all situations, except in the actual moment
of the decision to buy, exchange or sell, when the exchange
rate between money and the object is set in the course of
the transaction. The operative value
is thus in every occasion a consequence of the immediate situation
of the evaluators.
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