Value

Michael Perelman

Chapter 3 in The Perverse Economy, 2003, pp 79-117 from Palgrave Macmillan

Abstract: Abstract Economics consists of two distinct layers of theory. The most superficial one comprises self-evident propositions that are virtually unquestionable. Within this context, economics teaches that an individual prefers more to less; that lower prices encourage consumption and discourage an individual firm from increasing production. All of these propositions would seem to represent common sense rather than some scientific insight.

Keywords: Stock Market; Intellectual Property; Discount Rate; Nobel Prize; Stock Prex (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-8026-7_4

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DOI: 10.1057/9781403980267_4

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