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From:
[log in to unmask] (Alan G Isaac)
Date:
Sat Feb 16 19:49:17 2008
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http://www.mises.org/books/robbinsessay2.pdf

See footnote 2 p.69:

        The beginning of the change dates from the coming of 
        the subjective theory of value. So long as the 
        theory of value was expounded in terms of costs, it 
        was possible to regard the subject-matter of 
        Economics as something social and collective, and to 
        discuss price relationships simply as market 
        phenomena. With the realisation that these market 
        phenomena were, in fact, dependent on the interplay 
        of individual choice, and that the very social 
        phenomena in terms of which they were 
        explained---costs---were in the last analysis the reflex 
        of individual choice---the valuation of alternative 
        opportunities (Wieser, Davenport)---this approach 
        becomes less and less convenient. The work of the 
        mathematical economists in this respect only sets 
        out particularly boldly a procedure which is really 
        common to all modern theory.

Cheers,
Alan Isaac

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