Elements of Value Theory

Utz-Peter Reich

Chapter 6 in National Accounts and Economic value, 2001, pp 125-141 from Palgrave Macmillan

Abstract: Abstract In Part III of this book we draw on the analysis of national accounting principles conducted in Parts I and II. The subject matter of this chapter is the distinction between the microeconomic approach and the macroeconomic approach to value theory. Each approach is presented in its axiomatic form, and the differences and contradictions between the approaches are pointed out.

Keywords: Integer Number; National Accounting; Relative Prex; Accounting Principle; Consumption Figure (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51290-0_6

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DOI: 10.1057/9780230512900_6

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