Theories of prices and alternative economic paradigms

Authored by: Carlo D’Ippoliti

The Routledge Handbook of Heterodox Economics

Print publication date:  July  2017
Online publication date:  July  2017

Print ISBN: 9781138899940
eBook ISBN: 9781315707587
Adobe ISBN:

10.4324/9781315707587.ch8

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Abstract

In a state of society, however, in which the industrial system is entirely founded on purchase and sale . . . the question of Value is fundamental. Almost every speculation respecting the economical interests of a society thus constituted implies some theory of Value: the smallest error on that subject infects with corresponding error all our other conclusions; and anything vague or misty in our conception of it creates confusion and uncertainty in everything else.

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