Value and Capital is a book by the British economist John Richard Hicks, published in 1939. It is considered a classic exposition of microeconomic theory. Central results include: extension of consumer theory for individual and market equilibrium as to goods demanded with explicit use of only ordinal utility for individuals, rather than requiring interpersonal utility comparisons analysis of the 2-good as to effects of a price change and mathematical extension to any number of goods without loss of generality parallel results for production theory extension of general equilibrium theory of markets and adaptation of static-equilibrium theory to economic dynamics in distinguishing temporary and long-run equilibrium through expectation of agents. Source: Wikipedia (en)