Abstract
As it is now fifty years since the publication of John Hicks’s Value and Capital, I hope I will be forgiven if I start with recollections of forty-five years ago of my first meeting as a graduate student with this classic work. It was in a graduate course in economic theory that Oskar Lange was teaching in 1944 at the University of Chicago. What I still most vividly remember is not only the intellectual excitement in studying the book, but also the aesthetic pleasure that it gave. This was particularly true of the first three chapters, on the theory of demand: here was a literary style, an economy and precision of language, supported by illuminating diagrams, all of which conveyed a fresh message that increased our (ordinal) utility.
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© 1991 International Economic Association
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Patinkin, D. (1991). Comment. In: McKenzie, L.W., Zamagni, S. (eds) Value and Capital: Fifty Years Later. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11029-2_21
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DOI: https://doi.org/10.1007/978-1-349-11029-2_21
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