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Introduction

In: Value

Author

Listed:
  • Michael Allingham

    (University of Kent)

Abstract

Value, according to the Oxford dictionary is ‘the amount … for which a thing can be exchanged’; in other words, value is the price which prevails in the market, or equilibrium price. In this book I discuss what determines value in this sense, or, to be more concrete, why wheat is more valuable than oats (bushel for bushel).

Suggested Citation

  • Michael Allingham, 1983. "Introduction," Palgrave Macmillan Books, in: Value, chapter 1, pages 1-4, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17001-2_1
    DOI: 10.1007/978-1-349-17001-2_1
    as

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