The digital edition of all books may be viewed on our website before purchase. Excerpt from Elements of Economics, Vol. 2 of 2 (Classic Reprint)
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Paperback. Etat : New. Print on Demand. This book delves into the complexities of value determination in economics, challenging the long-held belief that the quantity of labor or cost of production is the sole measure. The author argues that supply and demand alone regulate value, supported by numerous examples from diverse industries. The author dismisses the cost of production theory, demonstrating how value is often independent of labor or expenditure, influenced instead by factors such as quality, desirability, and market conditions. This theory has significant implications for economic policy and understanding the dynamics of value in different markets. The book explores the relationship between supply and demand and its impact on value, emphasizing that changes in value occur solely due to alterations in this relationship. The author also highlights the importance of considering the entire supply chain and market dynamics when analyzing value, rather than solely focusing on production costs. Ultimately, this book challenges traditional economic assumptions, offering a comprehensive and nuanced understanding of value determination. It is essential reading for economists, business professionals, and anyone interested in the complexities of value and market dynamics. 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. N° de réf. du vendeur 9781330036174_0
Quantité disponible : Plus de 20 disponibles
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330036174
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330036174
Quantité disponible : 15 disponible(s)