Contributions of P.H. Wicksteed (With Critical Appraisal)

In this article we will discuss about the contributions and critical appraisal of of P.H. Wicksteed. Contributions of P.H. Wicksteed: 1. Labour Theory of Value: By applying Jevon's analysis, Wicksteed criticized the Marxian Theory of value. He considered the labour theory of value was wrong. 2. Principle of Marginal Utility: In his book "The Alphabet of Economic Science" Wicksteed introduced [...]