An Introduction to the Theory of Value on the Lines of Menger, Wieser

William Smart

ISBN 10: 1440092540 / ISBN 13: 9781440092541

Published by Forgotten Books, 2012

About this Item

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.

Seller Inventory # 9781440092541_0

Bibliographic Details

• Title: An Introduction to the Theory of Value on the Lines of Menger, Wieser
• Publisher: Forgotten Books
• Publication Date: 2012
• Language: English
• ISBN 10: 1440092540
• ISBN 13: 9781440092541
• Binding: Paperback
• Condition: New
• Book Type: print-on-demand item
• Seller catalogs:
  • Economics

About this title

Synopsis

Excerpt from An Introduction to the Theory of Value on the Lines of Menger, Wieser, and Böhm-Bawerk

Distribution, I may explain that, in justice to Professor Wieser, I have preferred to put the transla tion of that most brilliant and suggestive book into the capable hands of one of my students.

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.