Abstract
[This] beautiful and austere book . . . [is] an important landmark of economic theory.-F.H. Hahn, Journal of Political Economy An immortal classic of twentieth century economics. Every economist should own a copy.-Robert Lucas, University of Chicago Theory of Value offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation.
Keywords
Related Publications
Capital Theory and Investment Behavior
Tax policy and investment behaviour: tax policy and the cost of capital services, estimates of the parameters of the investment function, the effects of tax policy on investment...
The Cost of Capital, Corporation Finance and the Theory of Investment
The potential advantages of the market-value approach have long been appreciated; yet analytical results have been meager. What appears to be keeping this line of development fr...
An evolutionary theory of economic change
I. OVERVIEW AND MOTIVATION 1. Introduction 2. The Need for an Evolutionary Theory II. ORGANIZATION-THEORETIC FOUNDATIONS OF ECONOMIC EVOLUTIONARY THEORY 3. The Foundations of Co...
HISTORICAL INSTITUTIONALISM IN COMPARATIVE POLITICS
▪ Abstract This article provides an overview of recent developments in historical institutionalism. First, it reviews some distinctions that are commonly drawn between the “hist...
CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*
One of the problems which has plagued those attempting to predict the behavior of capital markets is the absence of a body of positive microeconomic theory dealing with conditio...
Publication Info
- Year
- 1960
- Type
- article
- Volume
- 27
- Issue
- 2
- Pages
- 149-149
- Citations
- 1805
- Access
- Closed
External Links
Social Impact
Social media, news, blog, policy document mentions
Citation Metrics
Cite This
Identifiers
- DOI
- 10.2307/1055180