Coordination of the Laws of Distribution

ISBN-13: 9781852786847 / Angielski

Philip H. Wicksteed;Ian Steedman;Ian Steedman

Opis

Wicksteed's classic work, The Co-ordination of the Laws of Distribution, first published in 1894, has a central place within the development of marginal productivity theory. It claimed to explain all factor returns on a unified basis and to show how marginal productivity factor pricing just exhausted the total product. It is presented here with a long introduction by the editor, who provides both a careful analysis of the text and an assessment of Wicksteed's place within the development of modern economics.