Theory of Value

Book cover of Theory of Value: An Axiomatic Analysis of Economic Equilibrium

Book description

"[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,…

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Why read it?

1 author picked Theory of Value as one of their favorite books. Why do they recommend it?

Thijs ten Raa

Author

As a math student I found economics a slippery subject and, therefore, was hesitant to read any book on the subject.

Theory of Value is a short, formal manuscript, that includes the definition of an economy. It was the first book I read in economics and I loved it. It induced me to move to New York and to study the field.

From Thijs' list on microeconomics on how markets are interconnected.