Concept of Price: Aristotle vs Marshall

Volodymyr Ryaboshlyk

Chapter 9 in Crisis and Embodied Innovations, 2014, pp 149-159 from Palgrave Macmillan

Abstract: Abstract The understanding of the role of price as an instrument of fair distribution goes back to Aristotle (350 BCE), who in his Nicomachean Ethics considered price in the context of attaining reciprocity and justice.

Keywords: Productivity Growth; Marginal Producer; Relative Price; Labour Time; Nicomachean Ethic (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47707-1_9

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DOI: 10.1057/9781137477071_9

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