Theory of Value: An Axiomatic Analysis of Economic Equilibrium

Abstract

[This] beautiful and austere book . . . [is] an important landmark of economic theory.-F.H. Hahn, Journal of Political Economy An immortal classic of twentieth century economics. Every economist should own a copy.-Robert Lucas, University of Chicago Theory of Value offers a rigorous, axiomatic, and formal analysis of producer behavior, consumer behavior, general equilibrium, and the optimality of the market mechanism for resource allocation.