An Introduction to the Theory of Value, on the Lines of Menger, Wieser, and Bohm-Bawerk (Classic Reprint) - Softcover
Synopsis
This book delves into the fundamental economic concept of value, exploring its nature, origins, and the factors that influence it. The author challenges traditional economic thought, particularly the distinction between "value in use" and "value in exchange" popularized by Adam Smith. Instead, the focus is placed on the subjective nature of value, emphasizing how individual wants and needs, coupled with the scarcity of goods, determine the worth we assign to things. The exploration of value extends beyond mere material possessions, encompassing a wide range of human desires and motivations. The book delves into the psychological aspects of valuation, examining how our perceptions and judgments shape our economic decisions. The concept of "marginal utility" is introduced, explaining how the value of a good is determined by its importance in satisfying our least urgent want. By unraveling the complexities of value, this book provides a deeper understanding of human behavior in the economic realm. It challenges readers to reconsider their own perceptions of worth and to appreciate the intricate interplay between individual desires and the market forces that shape our economic lives.
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An Introduction to the Theory of Value on the Lines of Menger, Wieser
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Paperback. Condition: New. Print on Demand. This book delves into the fundamental economic concept of value, exploring its nature, origins, and the factors that influence it. The author challenges traditional economic thought, particularly the distinction between "value in use" and "value in exchange" popularized by Adam Smith. Instead, the focus is placed on the subjective nature of value, emphasizing how individual wants and needs, coupled with the scarcity of goods, determine the worth we assign to things. The exploration of value extends beyond mere material possessions, encompassing a wide range of human desires and motivations. The book delves into the psychological aspects of valuation, examining how our perceptions and judgments shape our economic decisions. The concept of "marginal utility" is introduced, explaining how the value of a good is determined by its importance in satisfying our least urgent want. By unraveling the complexities of value, this book provides a deeper understanding of human behavior in the economic realm. It challenges readers to reconsider their own perceptions of worth and to appreciate the intricate interplay between individual desires and the market forces that shape our economic lives. 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 # 9781440092541_0
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An Introduction to the Theory of Value on the Lines of Menger, Wieser, and B?hm-Bawerk (Classic Reprint)
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An Introduction to the Theory of Value on the Lines of Menger, Wieser, and B?hm-Bawerk (Classic Reprint)
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781440092541
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An Introduction to the Theory of Value: On the Lines of Menger, Wieser, and Bohm-Bawerk (Classic Reprint)
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Paperback. Condition: Brand New. 102 pages. 9.00x6.00x0.23 inches. This item is printed on demand. Seller Inventory # zk1440092540
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