Value and Exchange: Two Windows for Economic Theorizing
نویسنده
چکیده
This essay introduces a symposium on value and exchange as alternative organizing concepts for the pursuit of economic theorizing. These concepts pertain to two distinct conceptual windows though which economic phenomena can be examined. The immediate inspiration for this symposium was Meir Kohn’s (2004) articulation of the distinction, a distinction that in turn was central to James Buchanan’s (1964) articulation. Furthermore, this distinction is central to the divergent orientations toward economic theorizing that were set forth in the early 1870s by Carl Menger and Léon Walras.
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