IDEAS home Printed from https://ideas.repec.org/a/oup/qjecon/v29y1915i4p674-708..html
   My bibliography  Save this article

The Concept of Value Further Considered

Author

Listed:
  • B. M. Anderson

Abstract

I. Relation of value concept to causal theory of value, 675. — II. Various roots of relative conception of value: "Relativity of Knowledge," 676. — Geometrical conceptions of relativity; parallel argument for relativity of value, 677. — Doctrine of fixed sum total of values, 680. — Haney's expressions, 681. — Usage in English, French and German, 681. — III. General rise or fall of values, 682. — Can one good alone have value ? 683. — Abstract v. concrete ratios, 684. — "Rate of exchange" as abstract ratio, 685. — "Rate of exchange" useless for economic analysis: views of J. B. Clark, Böhm-Bawerk, Carver and C. M. Walsh, 685. — IV. Illustrations of need of absolute value concept, 687. — Fisher's "general price level" an indefensible substitute, 688. — Shift in Laughlin's argument, 690. — V. Speed and value as ratios, 691. — The "mathematician's fallacy," 692. — Differences between measurement of speed and measurement of values, 693. — VI. "Rate of exchange" as "price," 695. — VII. Different consequences of absolute and relative value concepts in economic analysis, 695. — (1) Value a wider concept than exchange, 695. — Value in sociology and in economics, 696. — Value and exchange in socialistic state, 696. — (2) Value and exchangeability not correlated, 697. — Nor do prices always correctly express values, except in static theory, 698. — Values as causes of prices, 698. — Temporal relation of cause and effect, 698. — (3) Prices often partly controlled by non-economic values, 699. — Law, custom, and morals in relation to prices, 699. — Exchange theory of value cannot shirk consideration of these cases, 702. — VIII. (4) "Power in exchange" as equivalent of value, 702. — IX. (5) Schumpeter's use of relative concept as regards land value, 703. — X. Conclusion, 705.

Suggested Citation

  • B. M. Anderson, 1915. "The Concept of Value Further Considered," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 29(4), pages 674-708.
    • Handle: RePEc:oup:qjecon:v:29:y:1915:i:4:p:674-708.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1883304
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jack High, 2011. "Dr. Anderson and the Austrians: Price formation as a cumulative process," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(2), pages 199-211, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:qjecon:v:29:y:1915:i:4:p:674-708.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/qje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.