Institutes of Economics; a Succinct Text-Book of Political Economy for the Use of Classes in Colleges, High Schools And Academies
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In our eReader you can find the full English version of the book. Read Institutes of Economics; a Succinct Text-Book of Political Economy for the Use of Classes in Colleges, High Schools And Academies Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Institutes of Economics; a Succinct Text-Book of Political Economy for the Use of Classes in Colleges, High Schools And Academies
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Jour. Ecoil., vol. i, 227, 359. Cairnes, Contemp. Rev., '76; Leading Prin., pt. i. Courcelle-Seneuil, four, des £cou., Ap., 1883.
The term value bears both in popular and in eco- nomic speech three meanings, which must be carefully distinguished : i Utility in general, the power, what- ever its origin, of satisfying human needs.^ ii Value in use, economic value proper, the useful character ^ of things which are actually utilized, however this is estimated, and whether they are destined for exch...ange or not : in still other phrase, the immediate significance which things possess for men's economic life, iii Value in exchange, the ratio at which commodities and ser- vices pass for one another in open market. The second kind of value is nearly identical with the wealth-char- acter of things ; usually, therefore, not originating gra- tuitously, though it may also attach to entities, like land proper, which are not wealth. The third form of value is closely related to the second, being the resultant of more or less numerous estimates placed by human minds on the relative use-values of things.
What to read after Institutes of Economics; a Succinct Text-Book of Political Economy for the Use of Classes in Colleges, High Schools And Academies?
You can find similar books in the "Read Also" column, or choose other free books by Andrews Elisha Benjamin to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Jour. Ecoil., vol. i, 227, 359. Cairnes, Contemp. Rev., '76; Leading Prin., pt. i. Courcelle-Seneuil, four, des £cou., Ap., 1883.
The term value bears both in popular and in eco- nomic speech three meanings, which must be carefully distinguished : i Utility in general, the power, what- ever its origin, of satisfying human needs.^ ii Value in use, economic value proper, the useful character ^ of things which are actually utilized, however this is estimated, and whether they are destined for exch...ange or not : in still other phrase, the immediate significance which things possess for men's economic life, iii Value in exchange, the ratio at which commodities and ser- vices pass for one another in open market. The second kind of value is nearly identical with the wealth-char- acter of things ; usually, therefore, not originating gra- tuitously, though it may also attach to entities, like land proper, which are not wealth. The third form of value is closely related to the second, being the resultant of more or less numerous estimates placed by human minds on the relative use-values of things.
What to read after Institutes of Economics; a Succinct Text-Book of Political Economy for the Use of Classes in Colleges, High Schools And Academies?
You can find similar books in the "Read Also" column, or choose other free books by Andrews Elisha Benjamin to read onlineMoreLess
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