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Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system.
In finance, a revaluation of fixed assets is an action that may be required to accurately describe the true value of the capital goods a business owns. [1] This should be distinguished from planned depreciation, where the recorded decline in the value of an asset is tied to its age.
William Stanley Jevons FRS (/ ˈ dʒ ɛ v ən z /; [2] 1 September 1835 – 13 August 1882) was an English economist and logician.. Irving Fisher described Jevons's book A General Mathematical Theory of Political Economy (1862) as the start of the mathematical method in economics. [3]
Vilfredo Federico Damaso Pareto [4] (/ p ə ˈ r eɪ t oʊ /; [5] Italian:; born Wilfried Fritz Pareto; [6] 15 July 1848 – 19 August 1923) was an Italian polymath, whose areas of interest included sociology, civil engineering, economics, political science, and philosophy.
Yujiro Hayami (速水 佑次郎, Hayami Yūjirō, 1932–2012) was a Japanese agricultural economist, widely considered to be an authority on the subject.He was a Rockefeller fellow at Iowa University, a winner of Purple Ribbon Medal and a Lifetime member of the International Association of Agricultural Economists. [1]