This volume is a general survey of pure value and distribution
theory written for students who have completed a more discursive
elementary course, or, perhaps, for a select group of students
entering on a series of courses in economics. The book is divided
into two parts. Book I is a good, intelligent treatment of the
scope and methods of Economics. Book II contains an algebraic
analysis of pricing in an economy of two individuals, and of
pricing and distribution with two commodities. Changes in price and
distribution equilibria over time are discussed and illustrated in
a series of admirably executed three-dimensional diagrams. This is
the author's attempt to sharpen and clarify in his own mind the
basic principles and concepts of price theory. It attempts to be
precise and it is entirely devoted to the problems of price theory.
It may help some students of economics to concentrate on the
fundamental problems of price theory and to master rigorous
techniques in a way a more discursive book could not.
General
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