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Value |
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| Important theorists | Classical Political Economy: Adam Smith, David Ricardo, Samuel Bailey, Karl Marx, Thomas DeQuincey, Austrian Economics: Carl Menger, Bohm-Bawerk, Mises, Hilferding, |
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| Keywords | Commodity Form; Rent ; Measure | |||||||
| Essential Reading | David Ricardo, Principles of Political Economy and Taxation (London: Pelican Books, 1977) Samuel Bailey, A critical dissertation of the nature, measure and causes of value (1825) Available online Thomas De Quincy, Measure of Value Available online Eugen Bohm-Bawerk, The Ultimate Standard of Value (trans. C.W. Macfarlane) Annals of the American Academy of Political and Social Science Volume 5, (1894-95) p. 149-208 Available here Georg Simmel, A Chapter in the Philosophy of Value Available here I.I. Rubin, Essays on Marx's Theory of Value Available online D. F. Ruccio; J. Graham; and J. Amariglio, Notes on Values in "'The Good, the Bad, and the Different': in The Value of Culture: On the Relationship between Economics and Arts, ed. A. Klamer (Amsterdam: Amsterdam University Press, 1996), 44-73.] Available online Secondary Subjective and Objective Value Theories (II parts) by R. Johnson Available online - Useful introduction to Austrian School and criticism of Ayn Rand The Subjectivist Outlook in Economics - Rudolf Hilferding The Class Structure of Machinery: Notes on the Value Form - Hans-Dieter Bahr (Argues that the genesis of the means of production is in fact the process of mediation of two asymmetrical social subjects) |
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