Details

Autor(en) / Beteiligte

• Dey Biswas, Sattwick

Titel

Value: The Epistemology

Ist Teil von

• Land Acquisition and Compensation in India, 2019, p.27-51

Ort / Verlag

Switzerland: Springer International Publishing AG

Erscheinungsjahr

2019

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• The chapter begins with the diamond-water paradox or paradox of value by Smith (The Wealth of Nations, 1776/1981) and introduces the second discussion by Smith (Lectures on Justice, Police, Revenue and Arms. Delivered in the University of Glasgow: Reported by a Student in 1763 and Edited with an Introduction and Notes, By Edwin Cannan. Oxford: Clarendon Press. Retrieved from http://oll.libertyfund.org/titles/2621. Accessed 4 Sept 2018, 1766/1896). The rest of the chapter is divided into several sections, which discuss important contributions of social scientists, from Adam Smith to Karl Marx, on the valuation theories. It discusses how the value became a measurement of pleasure and pain, why certain things should be considered more valuable than others, the concept of utility, and the development of the labour theory of value.