1st Edition

The Theory of Marginal Value

By L. V. Birck Copyright 2003
    364 Pages
    by Routledge

    364 Pages
    by Routledge

    The concept of 'marginal value' is critical to the emergence of neo-classical economics. This volume is divided into sections on:

    Book I: Utility (Disutility of labour, Utility and Wants, Direct and Indirect Utility, Utility Equations, Subjective Price)

    Book II: Value and Market (Objective Price, Markets, Value)

    Book III: Relations of Subjective Prices (The Distribution of Income and Prices, The Elasticity of Consumption, Differential Rent)

    Book IV: The Normal Market (Constant, Decreasing and Increasing Return)

    1. Disutility of Labour 2. Utility and Wants 3. Direct and Indirect Utility 4. Utility Equations 5. Subjective Price 6. Objective Price 7. Concerning Markets 8. Value 9. The Distribution of Income and Prices 10. The Elasticity of Consumption 11. Interdependent Schedules 12. The Subjective Price of Labour and of the Sacrifice of Waiting 13. Differential Rent 14. With Constant Return 15. With Decreasing Return 16. With Increasing Return 17. Value of the Precious Metal 18. Customs Duties and Prices 19. The Monopoly Price 20. Connected Prices 21. The Price of the Technical Components

    Biography

    L. V. Birck