Control or Economic Law by Eugen von Böhm-Bawerk

Author:Eugen von Böhm-Bawerk [Eugen von Böhm-Bawerk]
Language: eng
Format: epub, pdf
ISBN: 978-1-93355-071-8
Publisher: Ludwig von Mises Institute
Published: 2010-11-06T16:00:00+00:00

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7 Positive Theory of Capital, Book III, Chapter IX on the Theory of Value of Complementary Goods (Theory of Imputation).

8 Positive Theory, Book III, Chapter IX.

9 Naturally, I cannot, in passing, review the entire difficult and complicated theory of distribution with all its details, and have to ask the readers who are interested in the complete discussion of the foregoing conclusions to read the fuller explanation given in my Positive Theory of Capital.

10 Positive Theory, Book IV, Chapter II.

11 I need not call the attention of those familiar with the theory to the fact that all of what I have said here is absolutely in conformity with the so-called “theory of marginal utility,” even in parts where I had to deal with the concept of total utility. For this is merely a term introduced into the modern theory of value, chiefly by the Austrian School, as one of its particularly characteristic traits. This same theory, of course, covers and explains those cases in which valuation is based on total utility as well as those far more frequent cases in which valuation takes place literally from a “marginal utility.” (See my Positive Theory of Capital, Book III).

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