Introduction To The Theory Of Value

Introduction To The Theory Of Value
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Professor William Smart had a gift for clear exposition that was typical of English academics of his time. His gifts here are employed in the defense of the Austrian contribution to value theory.

Its lesson concerning subjectivism, value and price, causation and cost, utility, and the whole microeconomic foundation of the Austrian School, continue to be relevant - and still unabsorbed by the profession at large.

Exactly as the title indicates, as an introduction to value theory, this book has never been superseded by any other.