The exchange paradigm: Where to now? |
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Authors: | Meir Kohn |
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Institution: | (1) Department of Economics, Dartmouth College, Hanover, NH 03755, USA |
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Abstract: | This essay restates the main conclusions of “Value and Exchange,” discusses three possible directions of research that flow
from it, and evaluates their likely impact on the economics profession. The three directions are (1) the application of the
distinction between value paradigm and exchange paradigm to the elucidation of the history of economic thought, (2) formal
theorizing within the framework of the exchange paradigm, and (3) empirical work informed by the insights of the exchange
paradigm.
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Keywords: | Value paradigm Exchange paradigm |
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