Author Description

Product Description This study proposes a new conceptual framework for an integrated analysis of prices and values. This system covers both factor- and commodity-valuations. More general than previously established standard systems, it provides a basic structure from which neo-classical, Marxian, and Sraffa-typeprice concepts can all be derived as special cases. Review From reviews of the first edition, Cost, Use, and Value: `a monograph that strikes at the heart of value theory in an original way and at the same time opens up new prospects for the empirical analysis of economic structure and performance' Scottish Journal of Political Economy`Now we have a much improved and expanded second edition... A major improvement is in the presentation of the substance matter... Professor Seton's is a book worth reading.' Structural Change and Economic Dynamics About the Author Francis Seton is Emeritus Fellow, Nuffield College, Oxford.