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On Value

By Bernard

We have to defne the most important notions of the economy and let's beginwith the most fundamental, the value.

There is no economic theory without a theory of the value.  Any modification to themost important economic theories relate to the value, implitly or explicitly.

Most of the economic theories begin with a different definition of the value:  commercial value, labor value, actual value, etc.

The notion of value is central and fundamental in economy.  The value is the most important caractéristic of a good.  So what is value?

We will answer to this question with these topics:

  1. The Definition of Value<
  2. The Use and Exchange Values<
  3. On Use Value<
  4. On Exchange Value<
  5. On Values<