Theory of Value
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This paper develops and extensively reviews the evolution of the economic theory of value. The paper focuses on the contributions of Smith, Ricardo, and Marx and examines the ifferent meanings of the concept of value.
From the Paper:"This paper reviews the evolution of the economic theory of value. The concept of value has several distinct meanings. Value is an important construct in nearly every branch of social science. It is also used in philosophy, theology and education. The many and varied uses of the construct make definition difficult. Value is a more abstract construct when one considers philosophical or social values such as loyalty, than it is when once considers the value of labor, wherein economists attempt to quantify..."
Cite this Term Paper:
Theory of Value (2008, December 01) Retrieved November 29, 2022, from https://www.academon.com/term-paper/theory-of-value-121087/
"Theory of Value" 01 December 2008. Web. 29 November. 2022. <https://www.academon.com/term-paper/theory-of-value-121087/>