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In economics, economic value is a measure of the benefit provided by a good or service to an economic agent, and value for money represents an assessment of whether financial or other resources are being used effectively in order to secure such benefit.
Jun 9, 2023 · The paper discusses concepts of economic value via a review of Dave Elder-Vass’s book Inventing Value. Setting the review in the context of the need to re-evaluate theories of economic value in light of the environmental crisis, it outlines and assesses the book’s critical realist approach to the subject, its critiques of existing value ...
Jan 1, 2024 · According to David Ricardo, the value of a good is based on two sources: scarcity and the quantity of labor to produce it. Marx distinguished between the “value in use” and “exchange value.” The value in use refers to what utility a commodity provides to its buyer.
- echaralambakis@bankofgreece.gr
Jan 19, 2021 · This article reviews the relatively recent trend in economic methodology that consists in bringing insights from the debate in philosophy of science on values in science in order to analyse value-ladenness of economic research.
- Magdalena Małecka
- 2021
This chapter reviews the common definition of “market value” in Economics, and the practical use of the term in tax, accounting, and other fields. It then introduces ten different valuation theories.
May 29, 2014 · Book Reviews. By its nature, this book sets the reviewer a somewhat different task than the usual one. It collects a number of writings by Samuelson and by Garegnani published in fairly recent times (a detailed account of the origin of the book can be found in Chapter 1, which contains an introductory essay by the editor).
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ABSTRACT. This article reviews the relatively recent trend in economic methodology that consists in bringing insights from the debate in philosophy of science on values in science in order to analyse value-ladenness of economic research.
