Marginal Utility And Value
Marginal Utility And Value
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In our eReader you can find the full English version of the book. Read Marginal Utility And Value 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 Marginal Utility And Value
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The objection is that, since the thing parted with has no utility for the giver, it is idle to assume a balancing of utilities in his mind between the thing he gives and the things he receives. It must be, by the nature of the case, a balancing between a utility of zero and a utility of ten or of ten thousand. In other words, * Annals qf the American Academy qf Political and Social Science^ March, 1892, p. 49.
Digitized by Google 19 there can be no balancing at all. But we are now told that, al...though the commodity parted with " has no value in use to the seller, yet the price which he receives for it has an indirect value in use to him, since it enables him to buy goods of direct value in use." That is to say, though the commodity he sells has no utility to him, yet the goods he gets in exchange have utility for him. But this is the objection itself, and not an answer to it. For how can there be in the mind of each exchanger that nice bal- ancing of utilities between the thing given and the thing received, which the Austrians assume and elaborate so carefully, when there really is nothing to balance ?
What to read after Marginal Utility And Value?
You can find similar books in the "Read Also" column, or choose other free books by S M Silas Marcus Macvane to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The objection is that, since the thing parted with has no utility for the giver, it is idle to assume a balancing of utilities in his mind between the thing he gives and the things he receives. It must be, by the nature of the case, a balancing between a utility of zero and a utility of ten or of ten thousand. In other words, * Annals qf the American Academy qf Political and Social Science^ March, 1892, p. 49.
Digitized by Google 19 there can be no balancing at all. But we are now told that, al...though the commodity parted with " has no value in use to the seller, yet the price which he receives for it has an indirect value in use to him, since it enables him to buy goods of direct value in use." That is to say, though the commodity he sells has no utility to him, yet the goods he gets in exchange have utility for him. But this is the objection itself, and not an answer to it. For how can there be in the mind of each exchanger that nice bal- ancing of utilities between the thing given and the thing received, which the Austrians assume and elaborate so carefully, when there really is nothing to balance ?
What to read after Marginal Utility And Value?
You can find similar books in the "Read Also" column, or choose other free books by S M Silas Marcus Macvane to read onlineMoreLess
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