Eric Roll, Baron Roll of Ipsden - Character Quotes

3 Sourced Quotes

View all Eric Roll Quotes

In its origins the utility school was strongly influenced by a desire to strengthen the potentially apologetic character of economics.

Eric Roll, Baron Roll of Ipsden

The physiocrats started a train of thought which was a powerful stimulus to the development of a labour theory of value and surplus value. They did not, however develop such a theory of value themselves. What attention they gave to the problem of exchange-value and price produced results of an altogether different character. Thus while one of their contributions finds its continuation in Smith, Ricardo, and Marx, the other leads to the post-classical supply and demand and utility theories of value.

Eric Roll, Baron Roll of Ipsden

The second difficulty inherent in the contradictory character of the commodity is this: a commodity must have use value, but not for its owner, for if it had, it would cease to be a commodity.

Eric Roll, Baron Roll of Ipsden