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Aristotle and the Development of Value Theory

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  • Barry J. Gordon

Abstract

Introduction, 115. — I. Reassessment of Aristotle's theory of value, 116. — II. The utility principle and the cost principle in Aristotle, 120. — III. The role of labor skill as a value determinant, 124. — IV. Conclusion, 128.

Suggested Citation

  • Barry J. Gordon, 1964. "Aristotle and the Development of Value Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 78(1), pages 115-128.
    • Handle: RePEc:oup:qjecon:v:78:y:1964:i:1:p:115-128.
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    Citations

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    Cited by:

    1. Rodolphe Dos Santos Ferreira, 2002. "Aristotle's analysis of bilateral exchange: an early formal approach to the bargaining problem," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(4), pages 568-590.
    2. Cendejas Bueno, José Luis, 2016. "Ordenación de la actividad económica, ley natural y justicia en Aristóteles y en Santo Tomás [Ordination of economic activity, natural law and justice in Aristotle and Saint Thomas]," MPRA Paper 73585, University Library of Munich, Germany, revised 05 Sep 2016.
    3. Tommaso Brollo, 2019. "Money as a political institution in the commentaries of Albert the Great and Thomas Aquinas to Aristotle?s "Ethica Nicomachea"," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 8(2), pages 35-61.
    4. Nicholas Theocarakis, 2008. "Antipeponthos and reciprocity: the concept of equivalent exchange from Aristotle to Turgot," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 55(1), pages 29-44, April.
    5. Jacqueline Fau, 1967. "Equilibre et déséquilibres dans le processus productif national," Revue Économique, Programme National Persée, vol. 18(5), pages 739-774.
    6. Emel Kahya, Sungsoo Kim, 2018. "Aristotle on Economics and Ethics," Applied Economics and Finance, Redfame publishing, vol. 5(6), pages 23-32, November.
    7. Akbar, Payam & Hoffmann, Stefan, 2020. "Creating value in product service systems through sharing," Journal of Business Research, Elsevier, vol. 121(C), pages 495-505.
    8. Shannon Stimson & Murray Milgate, 2008. "Brief lives: economic life and political life in the history of economic thought," Public Choice, Springer, vol. 137(3), pages 491-505, December.
    9. Kurtz, Julian & Zinke-Wehlmann, Christian & Lugmair, Nina & Schymanietz, Martin & Roth, Angela, 2023. "Characterising smart service systems – Revealing the smart value," SMR - Journal of Service Management Research, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 7(2), pages 112-128.
    10. Wikström, Solveig & L'Espoir Decosta, Patrick, 2018. "How is value created? – Extending the value concept in the Swedish context," Journal of Retailing and Consumer Services, Elsevier, vol. 40(C), pages 249-260.

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