Some Limitations of the Value Concept

Allyn A. Young

The Quarterly Journal of Economics, 1911, vol. 25, issue 3, 409-428

Abstract: "Exchange value" compared with the abstractions of physical science, 410. — Subordination of price to value in economic theory, 413. — A general medium of exchange implicit in the theory of exchange value, 416. — Value as imputed price, 419. — Methods of imputation, 421. — Imputation of value extended to goods not priced in the market, 423. — The value of a stock depends on the size and nature of the units chosen, 425. — Meaning of "national wealth," 427.

Date: 1911
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