Excerpt from Value and Distribution: An Historical, Critical, and Constructive Study in Economic Theory; Adapted for Advanced and Post-Graduate Work
In the desire to secure a clear and coherent view of a rather wide range of economic phenomena, I have been compelled to ignore many details whose discussion, though interesting and important, might confound the reader, or at least obscure his view of the main lines of the argument. Again, it may be that a greater wealth of illustrations would have helped rather than hindered the argument. If so, it is an omission which the intelligent teacher can readily supply.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Excerpt from Value and Distribution: An Historical, Critical, and Constructive Study in Economic Theory; Adapted for Advanced and Post-Graduate Work
In the desire to secure a clear and coherent view of a rather wide range of economic phenomena, I have been compelled to ignore many details whose discussion, though interesting and important, might confound the reader, or at least obscure his view of the main lines of the argument. Again, it may be that a greater wealth of illustrations would have helped rather than hindered the argument. If so, it is an omission which the intelligent teacher can readily supply.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Excerpt from Value and Distribution: An Historical, Critical, and Constructive Study in Economic Theory; Adapted for Advanced and Post-Graduate Work
The last quarter of the nineteenth century has witnessed more than one noteworthy advance in economic theory. Some of this work has been embodied in permanent form, as in the publications of the Austrian school of economists; much of it, however, is scattered through various magazines and journals, and its importance is unrecognized because no effort has as yet been made to bring it together as a coherent whole. One of the purposes of the present volume is to give more permanent form to this scattered work and to bring it, as well as that of the Austrian economists, into some sort of corelation with the work of the so-called orthodox school of economists. Again, it will be found that in the endeavor to give coherence to the work of previous writers certain concepts or theories arc developed that have not been clearly stated elsewhere, - concepts which more or less seriously modify the hitherto accepted views of value and distribution.
The fact from which all studies of distribution must start is the price of commodities, and what we have to determine is how this price is divided among the several parties to the transaction.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330405000
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Paperback. Zustand: New. Print on Demand. This book initiates a new approach to deriving the principles of distribution from the phenomena of value and price. Some of this work has been incorporated into the publications of the Austrian school of economists, yet, much of it is scattered through journals. Seeking to gather these works into one publication, the author also presents original concepts that modify the hitherto accepted view of value and distribution. The book argues that the value of a good is not determined by the amount of socially necessary labor contained in it but rather by its marginal utility and the marginal disutility of its production. There is a shift from earlier ideas in regard to interest, with the author positing that it is not a return for the use of wealth but is instead the result of a discrepancy between the rate at which people prefer present goods to future goods and the rate at which goods can be produced. Ultimately, this book demonstrates the possibility of a reintegration of theory and phenomena in economic analysis and the promise of a more coherent explanation of the forces that determine economic behavior. 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. Bestandsnummer des Verkäufers 9781330405000_0
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