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BOLL 23: Abbé de Condillac, “On Value and Trade” (1776)

This is part of “The Best of the Online Library of Liberty” a collection of classroom-friendly excerpts from some of the most important material in the OLL.

This extract consists of two chapters from Condillac’s book Commerce and Government (1776) in which he promotes a radically new and different subjective theory of value which has some striking similarities to that put forward by the Austrian economists during the Marginal Revolution of the 1870s.

The Best of the OLL No. 23: Abbé de Condillac, “On Value and Trade” (1776) (Indianapolis: Liberty Fund, 2013).


The copyright to this edition, in both print and electronic forms, is held by Liberty Fund, Inc.

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