Property and Prices

Name: Property and Prices
Brand: Cambridge University Press
SKU: 9780521419031
Price: 18900 KES
Availability: OutOfStock
ISBN: 9780521419031

by Andre Burgstaller

Book Details

Format Hardback

ISBN-10 0521419034

ISBN-13 9780521419031

Publisher Cambridge University Press

Imprint Cambridge University Press

Country of Manufacture GB

Country of Publication GB

Publication Date Oct 6th, 1994

Print length 256 Pages

Weight 501 grams

Dimensions 22.90 x 15.20 x 1.60 cms

Product Classification: Economic theory & philosophy Economic theory and philosophy

KSh 18,900.00

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Property and Prices provides the missing theoretical link between Sraffa's Production of Commodities and Debreu's Theory of Value. It does so by placing arbitrage and speculation in the stock market at the centre of the theory of value and capital.

This book provides the missing theoretical link between Sraffa's Production of Commodities by Means of Commodities and Debreu's Theory of Value. Its thesis is that both classical and neoclassical value theory operate through arbitrage and speculation in the financial markets. Key among those markets is the bourse or stock market. Once a stock market is incorporated into general-equilibrium theory, the classical analysis of value (a la Ricardo, Marx and Sraffa) and the neoclassical theory of price (descending from Walras, Hicks and Arrow-Debreu) can be seen to possess the same mathematical structure. Thus the theory of arbitrage pricing in financial markets is capable of bringing together the two great rival schools of economic thought.

Get Property and Prices by Andre Burgstaller at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Cambridge University Press and it has 256 pages.