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- Theory_of_imputation abstract "In economics, the theory of imputation, first expounded by Carl Menger, maintains that factor prices are determined by output prices.This is the opposite of the labor theory of value maintained by classical economists such as Adam Smith and David Ricardo.The imputation theory was important because it addressed the question of economic value. Marginalist economists such as Carl Menger and Frank Fetter of the Austrian School maintained that value was not made up of the factors that made up a good; instead, it was made up of the most valuable use that the last unit of the good could be put to—the marginal utility of the finished good.While it was easy to maintain that this was the value of goods consumed by the end user (lower-order goods), it was harder to make this case for higher-order goods which had no end user and merely went into the making of lower-order goods. In effect, higher-order goods do have end users, the manufacturers of lower-order goods. It was these people whose marginal utility decided the factor prices, and their products were valued on their marginal utility to the end users. Thus the factors of production were as sensitive to marginal utility as consumer goods themselves.".
- Theory_of_imputation wikiPageID "220589".
- Theory_of_imputation wikiPageLength "1499".
- Theory_of_imputation wikiPageOutDegree "17".
- Theory_of_imputation wikiPageRevisionID "542480012".
- Theory_of_imputation wikiPageWikiLink Adam_Smith.
- Theory_of_imputation wikiPageWikiLink Austrian_School.
- Theory_of_imputation wikiPageWikiLink Carl_Menger.
- Theory_of_imputation wikiPageWikiLink Category:Austrian_School.
- Theory_of_imputation wikiPageWikiLink Category:History_of_economic_thought.
- Theory_of_imputation wikiPageWikiLink Category:Value_theory.
- Theory_of_imputation wikiPageWikiLink David_Ricardo.
- Theory_of_imputation wikiPageWikiLink Economics.
- Theory_of_imputation wikiPageWikiLink Economist.
- Theory_of_imputation wikiPageWikiLink Factor_price.
- Theory_of_imputation wikiPageWikiLink Frank_Fetter.
- Theory_of_imputation wikiPageWikiLink Implicit_cost.
- Theory_of_imputation wikiPageWikiLink Imputed_income.
- Theory_of_imputation wikiPageWikiLink Labor_theory_of_value.
- Theory_of_imputation wikiPageWikiLink Marginal_utility.
- Theory_of_imputation wikiPageWikiLink Marginalism.
- Theory_of_imputation wikiPageWikiLink Output_price.
- Theory_of_imputation wikiPageWikiLinkText "Theory of imputation".
- Theory_of_imputation wikiPageWikiLinkText "imputation".
- Theory_of_imputation wikiPageUsesTemplate Template:Other_uses_of.
- Theory_of_imputation wikiPageUsesTemplate Template:Unreferenced.
- Theory_of_imputation subject Category:Austrian_School.
- Theory_of_imputation subject Category:History_of_economic_thought.
- Theory_of_imputation subject Category:Value_theory.
- Theory_of_imputation hypernym Opposite.
- Theory_of_imputation type Theory.
- Theory_of_imputation comment "In economics, the theory of imputation, first expounded by Carl Menger, maintains that factor prices are determined by output prices.This is the opposite of the labor theory of value maintained by classical economists such as Adam Smith and David Ricardo.The imputation theory was important because it addressed the question of economic value.".
- Theory_of_imputation label "Theory of imputation".
- Theory_of_imputation sameAs Q1965807.
- Theory_of_imputation sameAs Imputace.
- Theory_of_imputation sameAs Teoría_de_la_imputación.
- Theory_of_imputation sameAs השלכה_(כלכלה).
- Theory_of_imputation sameAs m.01g6st.
- Theory_of_imputation sameAs Теория_вменения.
- Theory_of_imputation sameAs Q1965807.
- Theory_of_imputation wasDerivedFrom Theory_of_imputation?oldid=542480012.
- Theory_of_imputation isPrimaryTopicOf Theory_of_imputation.