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Walras, Léon
(Encyclopedia)Walras, Léon, 1834–1910, French economist. After abandoning his studies in mining engineering, he became a freelance journalist, advancing the causes of economic and social reform. He later became ...value, in economics
(Encyclopedia)value, in economics, worth of a commodity in terms of other commodities, or in terms of money (see price). Value depends on both desirability and scarcity. The marginal theory of value, pioneered in t...economics
(Encyclopedia)economics, study of how human beings allocate scarce resources to produce various commodities and how those commodities are distributed for consumption among the people in society (see distribution). ...Browse by Subject
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