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Production costs, i.e. through the prices of used factors, but adequateExplanations of these prices simply did not exist. Hardly probable someone could
To satisfy the such theory. Generally speaking, it is hard to understand, how
Happens that John Stewart Mill, scientific, having an insight and
Faultless intellectual honesty, has allocated the weakest and vulnerable link
The system to declare: "in value laws does not remain dark places,
Subject to clearing in the present or the future; the theory of the subject is finished ".
Principles of Political Economy, sec., chapter
1, op. cit., book 3, John Stuart Mill it was absolutely clear to a Number of attentive thinkers of that time that
The basis of all building of an economic theory is absolutely unsatisfactory.
Thus, probably, there would be an injustice a conclusion that wide disappointment
In the general condition of the economic theory, become obvious soon after
Triumphal success of work of Millja, entirely or even in a greater degree was
It is caused by this error. There were also other circumstances which have shaken trust to
The economic theory dominating in public opinion of the previous Generations, such as failure of Millja of the wage bill theory (wage-fund), Playing so large role in its constructions and which was nothing it
To replace. Growing influence of historical school, which has served its purpose
Called into question all attempts of development of a general theory of economic events.
And that fact that conclusions from an economic theory dominating at that moment
Interfered, as it seemed, to new social claims, has generated Animosities which have appeared the most exposing.
But though at times the return also affirmed, I cannot find certificates of that
- , Menger or Valras in the efforts to reconstruct an economic theory in Any degree were inspired by aspiration anew to confirm the practical Conclusions of the classical theory. All available facts testify about them
Liking to movement of that time for social reforms. It is represented to me that
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