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by Irving Fisher (Author)
Mathematical Investigations in the Theory of Value and Prices, written by Irving Fisher and originally published in 1892, is a seminal work in the field of economics. The book is a technical examination of the principles of value and prices, using mathematical models to explore the relationship between supply and demand, and to analyze the factors that determine the price of goods and services.Fisher's approach to economics was highly innovative for its time, and his work laid the foundation for modern microeconomic theory. In Mathematical Investigations, he introduces the concept of marginal utility, which states that the value of a good or service is determined by the satisfaction it provides to the consumer. He also explores the relationship between prices and production costs, and the role of competition in determining prices.The book is divided into three parts. The first part provides an overview of the basic principles of value and prices, including the concept of marginal utility and the law of supply and demand. The second part explores the relationship between prices and production costs, and the factors that influence the cost of production. The third part examines the role of competition in determining prices, and the ways in which market forces impact the economy.Throughout the book, Fisher uses mathematical models to illustrate his arguments, making it a highly technical and complex work. However, his insights into the principles of value and prices have been highly influential in shaping modern economic theory, and his work remains an important reference for economists and scholars today.This Is A New Release Of The Original 1892 Edition.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.
