Later formulations of the utility theory and the labor cost theory, as represented by the theory of schumpeter, which we shall discuss in the chapter on "Marginal Utility," give us, in a scheme of purely static equilibrium, a picture of the adjustment of the individual values to the social values.
"The Value of Money"
Benjamin M. Anderson, Jr.
schumpeter does so state it.
"The Value of Money"
Benjamin M. Anderson, Jr.
The scheme of schumpeter has simply no bearing at all on this vital point.
"The Value of Money"
Benjamin M. Anderson, Jr.
