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Author:
Michael AllinghamNumber Of Reads:
53
Language:
English
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Social sciencesSection:
Pages:
116
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good
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Book Description
The time has come Walras has said
To speak of many things.
Lewis Carroll, pseudonym of Dodgson,
quoted by Samuelson, mistranslated by
Kudryavtsev and retranslated by
Gerschenkron.
Pure economics is, in essen ce, the theory
of the determination of prices under a
hypothetical regime of free competition.
Leon Walras, translated by laffe.
Why is wheat more valuable than oats? In this monograph I propose
an answer to this question, namely that wheat is more valuable than
oats because it is scarcer, and then examine a number of questions
which must in turn be answered to justify this.
Michael Allingham
Michael Allingham is a fellow at Oxford University's Maudlin College. He studied natural philosophy and then political economy at the University of Edinburgh, after which he taught at a number of universities in the United Kingdom and the United States, and worked as a visiting professor at a number of universities in Austria, Canada, France and Italy. His books include: "The Theory of Markets" and "Rational Choice".
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