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Theory of Value

E. Baudier, +1 more
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The article was published on 1959-01-01 and is currently open access. It has received 2885 citations till now. The article focuses on the topics: Value theory.

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'A logical reconstruction of pure exchange economics': An alternative view

Franz Haslinger
- 01 Jul 1983 - 
TL;DR: In this article, the authors argue that the utility function is not the central and crucial concept of microeconomic theories, in contrast to Balzer's view, and propose a new theoretical concept with respect to pure exchange economics, the concept of a demand function.
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Sraffa and Wittgenstein: Physicalism and constructivism

TL;DR: In this article, a brief review of facts and hypotheses concerning Piero Sraffa's intellectual exchanges with the philosopher Ludwig Wittgenstein and their content, a brief presentation of some of the basic ideas of the production of commodities by means of commodities is given.
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Asset prices, debt constraints and inefficiency

TL;DR: This paper considers economies with (possibly endogenous) solvency constraints under uncertainty and proposes a sort of Cass Criterion, which completely characterizes constrained inefficiency, a feasible redistribution yielding a welfare improvement beginning from every contingency reached by the economy.
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Economic Valuation and Environmental Values

M. Prior
- 01 Nov 1998 - 
TL;DR: The origins of both economic and philosophical value theory are examined and shown to be closely related in this paper, where alternatives to economic valuation are considered and may possess a more plausible social base. But, all environmental valuation is at odds with beliefs based upon the existence of objective and intrinsic values.