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Cambridge University Press Property and Prices: Towards a Unified Theory of Value

Name: Property and Prices: Towards a Unified Theory of Value
Brand: Cambridge University Press
Price: 100.0 GBP
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Business & Economic History

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Price distribution over 57 days • 2 price levels

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Description

This book provides the missing theoretical link between Sraffa's Production of Commodities by Means of Commodities and Debreu's Theory of Value. Its thesis is that both classical and neoclassical value theory operate through arbitrage and speculation in the financial markets. Key among those markets is the bourse or stock market. Once a stock market is incorporated into general-equilibrium theory, the classical analysis of value (à la Ricardo, Marx and Sraffa) and the neoclassical theory of price (descending from Walras, Hicks and Arrow-Debreu) can be seen to possess the same mathematical structure. Thus the theory of arbitrage pricing in financial markets is capable of bringing together the two great rival schools of economic thought.

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Used Book in Good Condition

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521419034
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 06 October 1994
Listed Since: 02 January 2007

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Cambridge University Press Property and Prices: Towards a Unified Theory of Value

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It has never been this cheap. We have no record of a lower price.

Cambridge University Press Property and Prices: Towards a Unified Theory of Value

Price History & Forecast

Price Distribution

Price Analysis

Description

Key Features

Product Specifications

Barcode

Similar Products You Might Like

Prices, Profits and Rhythms of Accumulation

Prices, Reproduction, Scarcity

Primary Commodity Prices: Economic Models and Policy

Theories of Value and Distribution: Ideology and Economic Theory

General Equilibrium Theory

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Theory of International Trade: A Dual, General Equilibrium Approach (Cambridge Economic Handbooks)

Theory of the Firm for Strategic Management: Economic Value Analysis

Theoretical Foundations of Law and Economics

Production of Commodities by Means of Labour: Rehabilitation of the Law of Value (Springer Studies in Alternative Economics)

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Economics and the Theory of Games

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