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Haney's Ideas on Economic Value

Author

Listed:
  • marimuthu, sivakumar
  • p, santhi
  • d, gowri

Abstract

History of Economic Thought deals with the origin and development of economic ideas, concepts, laws and theories. It is the process of searching, understanding, analyzing and interpreting the economic ideas. It is imperative to study the economic history to gain knowledge about economic theories. If one wants to understand the present phenomena clearly he has to know what happened in the past.This study deals with the ideas of Lewis Henry Haney about the very important basic economic concept i.e., “value”. It can be understood that starting from the Greek Philosopher like Aristotle so many economists carry out the analysis and interpretation of the idea of ‘value’. Among them Lewis Henry Haney, is one of the notably Economic Historian who indulged in analyzing the ‘value’ concept. That can be traced in his famous book titled ‘Value and Distribution’.

Suggested Citation

  • marimuthu, sivakumar & p, santhi & d, gowri, 2018. "Haney's Ideas on Economic Value," MPRA Paper 85231, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:85231
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    File URL: https://mpra.ub.uni-muenchen.de/85231/1/MPRA_paper_85231.pdf
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    References listed on IDEAS

    as
    1. J. M. Clark, 1915. "The Concept of Value," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 29(4), pages 663-673.
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    More about this item

    Keywords

    economic thought; haney; value; exchange value; subjective value; objective value;
    All these keywords.

    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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