IDEAS home Printed from https://ideas.repec.org/h/eme/rhetzz/s0743-4154(2011)000029b005.html
   My bibliography  Save this book chapter

The Problem of Value in Economic Theory

In: Frank H. Knight in Iowa City, 1919–1928

Author

Listed:
  • Ross B. Emmett

Abstract

Modern economics centers in utility theory, which can only be understood by viewing it in relation to ethical as well as to economic thought. Economics stands in a peculiar sense at the meeting point of the two great urges of the mind, the theoretical and the practical interest, the desire to understand the world and the desire to change and use it. In one direction its problems look toward explanation, in the sense of the discovery of laws comparable to those of the physical sciences, while in the other direction they look toward the study of values, criticism of processes and results, and the formulation of objectives and policies.

Suggested Citation

  • Ross B. Emmett, 2011. "The Problem of Value in Economic Theory," Research in the History of Economic Thought and Methodology, in: Frank H. Knight in Iowa City, 1919–1928, pages 15-37, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-4154(2011)000029b005
    DOI: 10.1108/S0743-4154(2011)000029B005
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0743-4154(2011)000029B005/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0743-4154(2011)000029B005/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/S0743-4154(2011)000029B005/full/epub?utm_source=repec&utm_medium=feed&utm_campaign=repec&title=10.1108/S0743-4154(2011)000029B005
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/S0743-4154(2011)000029B005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    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:eme:rhetzz:s0743-4154(2011)000029b005. 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: Emerald Support (email available below). General contact details of provider: .

    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.