Value and Capital

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Thumbnail for flags that look alike quiz Russia, Slovenia, Iceland, Norway

Flags That Look Alike

A Factory Interior, watercolor, pen and gray ink, graphite, and white goache on wove paper by unknown artist, c. 1871-91; in the Yale Center for British Art. Industrial Revolution England

Inventors and Inventions of the Industrial Revolution

Thanksgiving Turkey with all the sides

Why Do We Eat Turkey on Thanksgiving?

Woman tied to a ducking stool, a method of punishment by means of humiliation, beating, or death. (cucking stool)

8 Unusual Punishments Inflicted on Women Throughout History

Los Angeles Police Department wanted flyer on Elizabeth Short, aka the "Black Dahlia," who was brutally murdered in January 1947. The FBI supported the Los Angeles Police Department in the case, including by identifying Short through her fingerprints that

America’s 5 Most Notorious Cold Cases (Including One You May Have Thought Was Already Solved)

Iraqi Army Soldiers from the 9th Mechanized Division learning to operate and maintain M1A1 Abrams Main Battle Tanks at Besmaya Combat Training Center, Baghdad, Iraq, 2011. Military training. Iraq war. U.S. Army

8 Deadliest Wars of the 21st Century

Rural Irish landscape, Sligo, Ireland.

Why Is Ireland Two Countries?

Value and Capital

work by Hicks

Learn about this topic in these articles:

discussed in biography

In Sir John R. Hicks
Third, through his book Value and Capital (1939), Hicks showed that much of what economists believe about value theory (the theory about why goods have value) can be reached without the assumption that utility is measurable. Fourth, he came up with a way to judge the impact of changes…
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