Village Green Shopping Centre | Vernon's Premier Shopping Destination
Choice Made Simple!
Too many options?Click below to purchase an online gift card that can be used at participating retailers in Village Green Shopping Centre and continue your shopping IN CENTRE!Purchase Here
Coles An Introduction To The Theory Of Value: Restored Classics to Go Edition at Village Green Shopping Centre in Vernon, BC
*Product information may vary - to confirm product availability, pricing, shipping and return information please contact Coles
William Smart's "An Introduction to the Theory of Value" offers a foundational exploration of economic value, drawing insights from economists like Menger, Wieser, and Böhm-Bawerk. Designed for English-speaking students and scholars, the book bridges complex economic theories with practical understanding, emphasizing both subjective and objective perspectives on value. The author unravels the historical complexity and confusion surrounding the concept of value, contrasting "Value in use" and "Value in exchange," and illustrating these ideas through examples from Adam Smith and the Austrian school. Smart underscores the necessity of understanding value through both human experience and objective economic factors. The text delves into political economy, outlining key insights such as the relationship between human desires and economic value, the distinction between utility and value, and the critical role of scarcity. It argues that value emerges when goods satisfy specific needs, highlighting how society transforms resources to meet demands. This fluid nature of value underscores its dependence on availability and necessity, with scarce goods becoming central in economic focus. Smart challenges traditional economic classifications by introducing a scale of wants, showing that value is not solely determined by utility but also by societal norms and the potential consequences of unmet needs. He contrasts irreplaceable goods, which garner higher value due to uniqueness, with replaceable items subject to competitive pricing. The discussion extends to subjective and objective exchange values, where individual and societal valuations interact to form a common understanding of value, often represented by money. Smart explores price theory, examining how subjective valuations of buyers and sellers, influenced by social interactions and competition, ultimately determine market prices. This thorough analysis connects to broader economic theories, highlighting that market dynamics are shaped by more than just self-interest, incorporating moral and societal considerations as well. This edition has been fully restored with modern typesetting, custom cover design.
William Smart's "An Introduction to the Theory of Value" offers a foundational exploration of economic value, drawing insights from economists like Menger, Wieser, and Böhm-Bawerk. Designed for English-speaking students and scholars, the book bridges complex economic theories with practical understanding, emphasizing both subjective and objective perspectives on value. The author unravels the historical complexity and confusion surrounding the concept of value, contrasting "Value in use" and "Value in exchange," and illustrating these ideas through examples from Adam Smith and the Austrian school. Smart underscores the necessity of understanding value through both human experience and objective economic factors. The text delves into political economy, outlining key insights such as the relationship between human desires and economic value, the distinction between utility and value, and the critical role of scarcity. It argues that value emerges when goods satisfy specific needs, highlighting how society transforms resources to meet demands. This fluid nature of value underscores its dependence on availability and necessity, with scarce goods becoming central in economic focus. Smart challenges traditional economic classifications by introducing a scale of wants, showing that value is not solely determined by utility but also by societal norms and the potential consequences of unmet needs. He contrasts irreplaceable goods, which garner higher value due to uniqueness, with replaceable items subject to competitive pricing. The discussion extends to subjective and objective exchange values, where individual and societal valuations interact to form a common understanding of value, often represented by money. Smart explores price theory, examining how subjective valuations of buyers and sellers, influenced by social interactions and competition, ultimately determine market prices. This thorough analysis connects to broader economic theories, highlighting that market dynamics are shaped by more than just self-interest, incorporating moral and societal considerations as well. This edition has been fully restored with modern typesetting, custom cover design.
Find everything in-store including new, used and children’s books, music, movies, games and toys. Visit Coles today to find the perfect gift, or a novel for yourself. COVID-19 UPDATE: Open | Regular Centre Hours
