Property and Prices
Book Details
Format
Hardback or Cased Book
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 & philosophyEconomic theory and philosophy
Ksh 18,900.00
Manufactured on Demand
0 in stock
Delivery Location
Delivery fee: Select location
Secure
Quality
Fast
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 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 pages.
