Value and Distribution: An Historical, Critical, and Constructive Study in Economic Theory; Adapted for Advanced and Post-Graduate Work (Classic Reprint) - Softcover

Macfarlane, Charles William

9781330405000: Value and Distribution: An Historical, Critical, and Constructive Study in Economic Theory; Adapted for Advanced and Post-Graduate Work (Classic Reprint)

Softcover

ISBN 10: 1330405005 ISBN 13: 9781330405000

Verlag: Forgotten Books, 2019

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Excerpt from Value and Distribution: An Historical, Critical, and Constructive Study in Economic Theory; Adapted for Advanced and Post-Graduate Work

In the desire to secure a clear and coherent view of a rather wide range of economic phenomena, I have been compelled to ignore many details whose discussion, though interesting and important, might confound the reader, or at least obscure his view of the main lines of the argument. Again, it may be that a greater wealth of illustrations would have helped rather than hindered the argument. If so, it is an omission which the intelligent teacher can readily supply.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

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.

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Excerpt from Value and Distribution: An Historical, Critical, and Constructive Study in Economic Theory; Adapted for Advanced and Post-Graduate Work

The last quarter of the nineteenth century has witnessed more than one noteworthy advance in economic theory. Some of this work has been embodied in permanent form, as in the publications of the Austrian school of economists; much of it, however, is scattered through various magazines and journals, and its importance is unrecognized because no effort has as yet been made to bring it together as a coherent whole. One of the purposes of the present volume is to give more permanent form to this scattered work and to bring it, as well as that of the Austrian economists, into some sort of corelation with the work of the so-called orthodox school of economists. Again, it will be found that in the endeavor to give coherence to the work of previous writers certain concepts or theories arc developed that have not been clearly stated elsewhere, - concepts which more or less seriously modify the hitherto accepted views of value and distribution.

The fact from which all studies of distribution must start is the price of commodities, and what we have to determine is how this price is divided among the several parties to the transaction.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

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.

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