JOURNAL ARTICLE

Individual choice and objective demand in a Classical framework.

  • Published In: Metroeconomica, 2024, v. 75, n. 1. P. 134 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: D'Agata, Antonio 3 of 3

Abstract

Taking a cue from some passages of The Wealth of Nations, this paper defines notions of maximum willingness to pay and of individual surplus expressed in hours of labour for a two‐good pre‐capitalist economy. From the individual surplus, a consistent objective theory of individual choice is constructed, and a demand schedule free from subjective elements is derived. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Metroeconomica. 2024/02, Vol. 75, Issue 1, p134
  • Document Type:Article
  • Subject Area:Literature and Writing
  • Publication Date:2024
  • ISSN:0026-1386
  • DOI:10.1111/meca.12449
  • Accession Number:174634554
  • Copyright Statement:Copyright of Metroeconomica is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.