Mathematical Investigations In The Theory Of Value And Prices (1892)

Mathematical Investigations in the Theory of Value and Prices is a book written by the renowned American economist Irving Fisher in 1892. This book is considered a classic in the field of economics and is highly regarded by scholars and students alike. The book explores the mathematical principles behind the theory of value and prices, providing a rigorous analysis of the factors that determine the prices of goods and services in a market economy. Fisher's book is divided into three parts, each of which examines a different aspect of the theory of value and prices. The first part focuses on the concept of value, exploring the idea of marginal utility and how it affects the price of goods and services. The second part of the book examines the factors that influence prices, including supply and demand, production costs, and market competition. Finally, the third part of the book provides a detailed analysis of the relationship between money and prices, exploring the impact of inflation and deflation on the economy. Throughout the book, Fisher uses a variety of mathematical tools and models to illustrate his arguments, including calculus, algebra, and geometry. He also provides numerous examples and case studies to demonstrate how these concepts apply in real-world situations. Mathematical Investigations in the Theory of Value and Prices is a groundbreaking work that helped establish economics as a rigorous and scientific discipline. It remains an important reference for economists and students of economics today, and its insights continue to inform contemporary debates on the nature of value and prices in the modern economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.