A Lecture on the Notion of Value as Distinguishable Not Only From Utility, but

William Forster Lloyd

ISBN 10: 0282616624 / ISBN 13: 9780282616625

Verlag: Forgotten Books, 2018

Beschreibung

Print on Demand. This book sets out to scrutinize the term 'value' in economics, distinguishing two distinct meanings: absolute value and exchangeable value. The author probes beyond the mere relation of objects to each other, exploring what gives an object its inherent importance to its possessor, arguing that such 'absolute value' is not fixed but rather depends on the intensity of human wants. The author deftly contrasts this concept with 'exchangeable value', which he presents as a relative measure between different goods. Ultimately, the book sheds light on the often ambiguous nature of 'value', a term that permeates our economic landscape. 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.

Bestandsnummer des Verkäufers 9780282616625_0

Bibliografische Details

• Titel: A Lecture on the Notion of Value as Distinguishable Not Only From Utility, but
• Verlag: Forgotten Books
• Veröffentlichungsdatum: 2018
• Sprache: Englisch
• ISBN-10: 0282616624
• ISBN-13: 9780282616625
• Bindung: Paperback
• Zustand: New
• Buchtyp: print-on-demand item
• Verkäuferkataloge:
  • Economics

Über diesen Titel

Inhaltsangabe

Excerpt from A Lecture on the Notion of Value as Distinguishable Not Only From Utility, but Also From Value in Exchange: Delivered Before the University of Oxford, in Michaelmas Term 1833

A question has been sometimes agitated re specting the possibility of a general glut of com modities, or, in other words, of universal over production. A glut of commodities of any one species, is on all hands admitted to be, not only a possible but a frequent occurrence. So, like wise, but in a decreasing degree of probability and frequency, of two, three, four, or more species. All, therefore, that is denied, is, the probability of its extending at once to the majo rity of commodities, and the possibility of its being universal. I mention this question, not with the View of entering on the full consideration of it at present, but only because it will be useful to my purpose to draw attention to some of the arguments advanced by those who maintain the.

About the Publisher

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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.