Value pp 1-4 | Cite as

Introduction

  • Michael Allingham

Abstract

Value, according to the Oxford dictionary is ‘the amount … for which a thing can be exchanged’; in other words, value is the price which prevails in the market, or equilibrium price. In this book I discuss what determines value in this sense, or, to be more concrete, why wheat is more valuable than oats (bushel for bushel).

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Copyright information

© Michael Allingham 1983

Authors and Affiliations

  • Michael Allingham
    • 1
  1. 1.University of KentUK

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