Author
Benjamin M. (Benjamin McAlester) Anderson
1886-1949
Benjamin M. (Benjamin McAlester) Anderson (1886-1949) is a public-domain author available on Rivro. Read free books, explore subjects, and discover related classics.
WikipediaBooks by Benjamin M. (Benjamin McAlester) Anderson
The Value of Money
"The Value of Money" by Benjamin M. Anderson is an analytical treatise on economic theory written in the early 20th century. The book primarily delves into the concept of money and its value within the broader spectrum of economic life, emphasizing the importance of dynamic change and speculation in trade. Through a critical lens, Anderson challenges traditional economic theories, particularly the quantity theory of money, asserting that a profound understanding of the value of money necessitates a comprehensive examination of various economic factors. The opening portion of "The Value of Money" introduces key themes that will be explored throughout the text. Anderson emphasizes that the value of money cannot be understood in isolation but must be analyzed in connection with the general theory of value and its implications in economic life. He critiques existing theories, arguing for a dynamic approach that considers how speculation and the evolving nature of trade influence the practical functions of money. With an academic background as an assistant professor of economics at Harvard University, Anderson aims to provide both a theoretical framework and statistical evidence to support his assertions regarding the intricate interrelations of value, money, and economic theory.
Social Value: A Study in Economic Theory, Critical and Constructive
"Social Value: A Study in Economic Theory, Critical and Constructive" by B. M. Anderson, Jr. is a scholarly work in economic theory written in the early 20th century. The text delves into the concept of social value, its criticism, and a constructive approach to developing a valid theory of value that serves both economic analysis and social understanding. The book emerges from contemporary debates within economics, reflecting the author's academic background and intellectual discourse at the time, particularly influenced by previous economists like Professor J. B. Clark. The opening of the work establishes the context for discussing the increasingly significant notion of "social value." It acknowledges the foundational contributions of J. B. Clark while setting the stage for a critique of existing theories that conflate individual and social values. The introduction outlines the author's position that current concepts of social marginal utility and social cost are inadequate, necessitating a deeper exploration of the relationship between individual values and social constructs. Anderson emphasizes the need to address the logical requirements of value in order to reconstruct economic theory based on sound epistemological and sociological foundations.