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"Value, distribution, and growth."

By: Material type: TextTextPublication details: Bombay; Himalaya Pub.; 1979Description: 429 : illSubject(s): DDC classification:
  • 338.521 ISR
Summary: The scientific aspect of economic analysis requires a systematic and concrete study of principles. It involves the entire system of economic relations and their interconnection to bring out their intelligibility. This purpose of the study of economic theory is quite apparent from the Contents of this book. The importance of value in the study of economic theory need not be underestimated. Economic life is concerned not merely with the satis faction of human wants but also with being required to do so through a system of exchanges. Value gives a relation between one want and an other, but it also goes beyond a particular want and establishes the conn ection between different wants. It is in this sense that the multiplication of wants is an exchange process.
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The scientific aspect of economic analysis requires a systematic and concrete study of principles. It involves the entire system of economic relations and their interconnection to bring out their intelligibility. This purpose of the study of economic theory is quite apparent from the Contents of this book.
The importance of value in the study of economic theory need not be underestimated. Economic life is concerned not merely with the satis faction of human wants but also with being required to do so through a system of exchanges. Value gives a relation between one want and an other, but it also goes beyond a particular want and establishes the conn ection between different wants. It is in this sense that the multiplication of wants is an exchange process.

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