| Manufacturer | The Lawbook Exchange, Ltd. |
Originally published: Madison: The University of Wisconsin Press, 1968. x, 394 pp. This book outlines an evolutionary and behavioral theory of value based on data drawn from court decisions. Analyzing the meaning of reasonable value as defined by the courts, Commons finds that the answer is based on a notion of reasonable conduct.
Expanding this point to encompass the habits and customs of social life, he shows that court decisions are based on customs that are powerful forces shaping the economic system. Reprint of sole edition.
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