Advanced Football Manager

The Advanced Football Manager Forum!
 
HomeHome  RegisterRegister  Log in  

Share | 
 

  While Cantillon

Go down 
AuthorMessage
kosovohp
Semi-Pro
Semi-Pro


Posts : 900
Join date : 2010-09-06

PostSubject: While Cantillon   Sat Oct 30, 2010 8:17 am

Differences between prior mercantilists and Cantillon arise early in Essai, regarding the origins of wealth and price formation on the market.[56] Cantillon distinguishes between wealth and money, considering wealth in itself "nothing but the food, conveniences, and pleasures of life."[57] While Cantillon advocated an "intrinsic" theory of value, based on the input of land and labor (cost of production),[58] he is considered to have touched upon a subjective theory of value.[59] Cantillon held that market prices are not immediately decided by intrinsic value, but are derived from supply and demand.[60] He considered market prices to be derived by comparing supply, the quantity of a particular good in a particular market, to demand, the quantity of money brought to be exchanged.[61] Believing market prices to tend towards the intrinsic value of a good, Cantillon may have also originated the uniformity-of-profit principleŚchanges in the market price of a good may lead to changes in supply, reflecting a rise or fall in profit.[62]



janitorial service philadelphia
wedding cake topper
Back to top Go down
View user profile
 
While Cantillon
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Advanced Football Manager :: League cup-
Jump to: