Journal of Political Economy Vol. 16 No. 10 1908
Davenport's Value and Distribution
Abstract
During the last two or three decades, economic theory has been enriched by a continuous stream of writings, contributed from many sources. The Austrian school, originated by Menger, and developed by Wieser and Bdhm-Bawerk; the mathematical school, originated independently by Walras, in Switzerland, and Jevons, in England, and supported by Marshall, Edgeworth, Pareto, and numerous other writers, have done much to clear up the elusive mysteries surrounding the subject of value. These movements have given a special stimulus to economic literature in America, and have combined with the independent thought typified by the writings of Patten, Clark, Fetter, Carver, and others. Although the books and pamphlets which constitute this enormous mass of literature are related to each other, they have not formed any coherent or progressive whole. The writers have been related as mutual critics rather than as co-workers. So far as they have been of aid to each other, it has been through stimulus and controversy. Those who, like the present writer, believe in the fundamental value of economic theory, have derived a certain satisfaction from the great volume and vigor of these contributions from many lands, but most of us must in candor confess to disappointment that so few definitive results have been
- DOI
- 10.1086/251479
- Volume
- 16
- Issue
- 10
- Pages
- 661-679
- Language
- en
- Sources
- semanticscholar openalex crossref