An Introduction to the Theory of Value on the Lines of Menger, Wieser, and Böhm-Bawerk (Classic Reprint) - Hardcover

William Smart

Hardcover

ISBN 10: 0260858285 ISBN 13: 9780260858283

Publisher: Forgotten Books, 2018

Synopsis

This book introduces the theory of value, a central concept in economics that considers the relationship between usefulness and the scarcity of goods. The author argues that value is determined not by the intrinsic qualities of an object, but rather by the subjective importance that individuals place on it. The book explores the different types of value, including subjective and objective value, as well as the factors that influence value, such as utility and scarcity. It also discusses the role of value in economic decision-making and market behavior. The author provides a thorough analysis of the theory of value, drawing on the work of economists such as Menger, Wieser, and Bohm-Bawerk. The book is written with clarity and precision, making it accessible to both students and scholars alike. Ultimately, this book offers a comprehensive understanding of the theory of value, providing valuable insights into the foundations of economic thought.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0260858285
• ISBN 13: 9780260858283
• Binding: Hardcover
• Number of pages: 124