Price transparency: the website that helps consumers and that Milei supported

In the context of economic liberalization in Argentina and the removal of currency controls,  price transparency has become essential for consumers. In this scenario, the website principiodeimputaciondemenger.com emerges as a citizen initiative to monitor and compare product prices at different supermarket branches.​

The platform's creator, known on X as "Capibara" (@DonDinoKing), explained: "I made a website to find out how out of sync the different branches are with respect to the minimum prices of each product. That is, an average is made for each branch and  it is compared with the lowest market price of each product." This tool allows users to identify price variations and make more informed purchasing decisions.​

Presidential Support and Consumer Policy

The initiative was celebrated by President Javier Milei, who has promoted not buying products that show excessive price increases after  the removal of currency controls and the stabilization of the dollar. The platform aligns with the president's vision of promoting competition and transparency in the market.​

The Principle of Imputation by Menger: What Is It and Why Does It Matter?

The site's name refers to the "principle of imputation" formulated by Carl Menger, founder of the Austrian School of Economics. This principle holds that the value of production factors is derived from the value of the final goods they help produce. In other words, the prices of inputs are determined by the marginal utility they contribute to the final product, not by production costs. ​

Applied to the current context,  this principle implies that product prices should reflect consumers' subjective valuations. Capibara's platform allows users to identify discrepancies between branches and  make purchasing decisions that reflect their preferences, thus encouraging businesses to adjust their prices based on real demand.​

A Tool That Empowers the Consumer

In summary,  principiodeimputaciondemenger.com presents itself as a tool that empowers consumers, promotes competition, and reflects essential economic principles in everyday practice.

By allowing price comparisons between branches, consumers can make informed decisions and foster a more transparent and competitive market.