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The Need for a Concept of Value in Economic Theory

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  • Karl H. Niebyl

Abstract

I. Necessity of reexamining the received body of economic thought, 201. — II. Historical illustrations of the principle of relativity, 203.— III. Characteristics of an adequate theory, 206.— IV. Meaning of "interdependence," 207.— The sociology of knowledge, 208.— V. Group problems overshadowed by the main problem of the dominant group, 208.— VI. A theory of value of a dominant group tends to become static, 210.— VII. The concrete purpose in formulating a theory of value, 212.— Approximation, 214.— VIII. The larger processes or fields of relevanee, 214.— IX. Conclusion, 216.

Suggested Citation

  • Karl H. Niebyl, 1940. "The Need for a Concept of Value in Economic Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 54(2), pages 201-216.
    • Handle: RePEc:oup:qjecon:v:54:y:1940:i:2:p:201-216.
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    File URL: http://hdl.handle.net/10.2307/1883329
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    Cited by:

    1. Irene Sotiropoulou, 2012. "Marketing a Vintage Carpet in a Free Bazaar and Other Stories On/Off Value," Working Papers 1206, University of Crete, Department of Economics.

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