DIESE DOI-METADATEN WURDEN ZULETZT AKTUALISIERT AM: 2024-07-23 11:35
Vollständiger Titel
HISTORY OF ECONOMIC THOUGHT AND POLICY
Verlag
FrancoAngeli
ISSN
2240-9971 (Gedruckte Zeitschrift)
2280-188X (Online-Zeitschrift)
Nummer der Ausgabe
1
Andere Beschreibung der Ausgabe
1
Erscheinungsdatum der Ausgabe
2024
Vollständiger Titel
Contradictions of the Marginal Utility Theory of Value? Identifying Some Logical Errors
Von (Autor)
Erste Seite
53
Letzte Seite
98
Sprache des Textes
Englisch
Erscheinungsdatum
2024/06
Copyright
2024 FrancoAngeli srl
Abstract/Hauptbeschreibung
This article engages in an exploration and identification of potential internal contradictions such as logical errors in the marginal utility theory of value. Specifi-cally, it explores and attempts to identify possible logical contradictions between certain integral elements and aspects of this theory. It first investigates and ana-lyzes potential logical contradictions between the ‘law of satiable wants' and the ‘law' of diminishing marginal utility within the marginal utility theory of value fo-cusing on its early formulations and later elaborations. It then explores and ana-lyzes possible logical contradictions between the status of marginal utility theory as a subjective or individualistic and as a psychological theory of value. It con-cludes that the marginal utility theory of value manifests certain internal contra-dictions in the form of logical errors.
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