Tag Archives: valuation

Finance, Class, and the Birth of Neoclassical Economics: The Marginalist Revolution Revisited

Posted on July 28, 2019 by

by Yair Kaldor* In economic textbooks, the concept of “value” is regarded as nothing more than the prevailing market price. This definition might seem self-evident, but it stands in sharp contrast to the classical theories of Adam Smith and David … Continue reading →

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The Pricing of Progress and the Origins of GDP

Posted on November 18, 2017 by

by Eli Cook* In the past few years, roughly half a dozen books have come out examining the meteoric rise and profound impact of Gross Domestic Product (GDP). An economic indicator that measures the money-making capacities of a nation by … Continue reading →

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Framing Value of Things and Making Things Valuable

Posted on April 4, 2017 by

My experiences at Asian floating markets have included constant conversations between me and merchants, and thereafter between me and myself, such as: “How much is it?”  — “How much do you want to give me?”, he replies. “How much was … Continue reading →

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Value and its enigmas: from stained cloths to matrimonial alliances

Posted on February 26, 2016 by

by André Vereta Nahoum Since the days economics was basically a British endeavour, the production of value (and price formation) has been one of the most fiercely debated topics of the discipline. Such is the centrality of the issue at stake … Continue reading →

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The Alienated Consciousness, Homo Economicus and Capitalism

Posted on September 11, 2015 by

Norman O. Brown, a brilliant American scholar and social philosopher: “The alienated consciousness is correlative with a money economy. Its root is the compulsion to work. This compulsion to work subordinates man to things, producing at the same time confusion in the valuation of … Continue reading →

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Debt to Society: Accounting for Life under Capitalism

Posted on June 30, 2015 by

Miranda Joseph‘s important and interesting book Debt to Society: Accounting for Life under Capitalism is a timely scholarly endeavour to understand, what I once termed Neoliberal Pauperism. Joseph’s research focuses on one of the key practices related to debt’ control – accounting and quantification. It studies modes … Continue reading →

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What is money? Can we grasp the current state of the economy as a crisis of money itself?

Posted on January 2, 2015 by

The latest crisis has incited substantial conversation about debt, banking, financialization, and the commodification of everyday life. All these issues are inherently related to money. But what exactly is money?  Where does it come from? Who does make our money … Continue reading →

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The Value of Nothing and Market Society

Posted on November 24, 2014 by

In The Value of Nothing: How to Reshape Market Society and Redefine Democracy, an award-winning academic and activist Raj Patel (University of Texas) reveals the hidden ecological and social costs of a hamburger (as much as $200), and asks how we … Continue reading →

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“Crisis, Value & Hope: Rethinking the Economy” — Current Anthropology special issue

Posted on September 4, 2014 by

“Crisis, value, and hope are three concepts whose intersection and mutual constitution open the door for a rethinking of the nature of economic life away from abstract models divorced from the everyday realities of ordinary people, the inadequacies of which … Continue reading →

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The Sense of Dissonance: Accounts of Worth in Economic Life

Posted on December 8, 2011 by

David Stark argues, firms would often be better off, especially in managing change, if they allowed multiple logics of worth and did not necessarily discourage uncertainty. In fact, in many cases multiple orders of worth are unavoidable, so organizations and firms … Continue reading →

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The Worth of Goods: Valuation and Pricing in the Economy

Posted on November 30, 2011 by

This valuable volume The Worth of Goods: Valuation and Pricing in the Economy, edited by Jens Beckert and Patrik Aspers revisits established theories of value and takes a sociological approach to the perennial but timely question of what makes a product valuable. Leading … Continue reading →

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