Theory of Value

The contribution of this short book consists in a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation."There can be no doubt that it is an important landmark of economic theory."-F.H [...]
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The contribution of this short book consists in a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation."There can be no doubt that it is an important landmark of economic theory."-F.H. Hahn.