Synopsis
This book by an acclaimed economist examines the evolving nature of value in the market from the angle of scarcity versus necessity. It sets the reader on an intellectual journey through the historical development of the concept of value from classical economists like Adam Smith to the present day, contrasting these ideas with the novel market theories emerging from the European continent. A key theme is the author's assertion that the value of a commodity is established by the consumer, not the producer, through the extent of its consumption. This has major ramifications, suggesting that producers should focus as much on improving the lives of their consumers as on the production process itself. The author also argues that the concept of capital should be expanded to include relationships between people, and that the conventional definition of "land" as a fixed resource is outdated, as today's land has value only insofar as it relates to the ideas and tools that humans bring to it – in essence, our relationship with it. This book provides a timely addition to the field of economics by challenging both classical and neoclassical theories of value, offering a fresh perspective on how to think about some of economics' fundamental concepts. Its insights are invaluable to students, economists, and anyone who wants to understand the evolving nature of value.
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The Organization of Industry (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book by an acclaimed economist examines the evolving nature of value in the market from the angle of scarcity versus necessity. It sets the reader on an intellectual journey through the historical development of the concept of value from classical economists like Adam Smith to the present day, contrasting these ideas with the novel market theories emerging from the European continent. A key theme is the author's assertion that the value of a commodity is established by the consumer, not the producer, through the extent of its consumption. This has major ramifications, suggesting that producers should focus as much on improving the lives of their consumers as on the production process itself. The author also argues that the concept of capital should be expanded to include relationships between people, and that the conventional definition of "land" as a fixed resource is outdated, as today's land has value only insofar as it relates to the ideas and tools that humans bring to it â" in essence, our relationship with it. This book provides a timely addition to the field of economics by challenging both classical and neoclassical theories of value, offering a fresh perspective on how to think about some of economics' fundamental concepts. Its insights are invaluable to students, economists, and anyone who wants to understand the evolving nature of value. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330453292_0
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The Organization of Industry Explained in a Course of Lectures, Delivered in the University of Cambridge in Easter Term, 1844 Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330453292
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The Organization of Industry Explained in a Course of Lectures, Delivered in the University of Cambridge in Easter Term, 1844 Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330453292
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