Adam Smith's Theory of Value

Abstract: 7 pages in length. This research paper delves into the conflict of Adam Smith's Theory of Value. When Adam Smith set forth his own Theory of Value it was vastly different from the idealistic view of his forebears. The term "value", in Smith's theory, corresponds largely to what is usually termed "use-value" - the value-in-use of some good. Within this paper we find that this treatment as well does not always advance a theory that is in all ways sound. Bibliography lists 12 sources.

Filename: JGAvalue.wps

Pages: 7

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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