Tag Archives: valuation

The Pricing of Progress and the Origins of GDP

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

Posted in Books, community members posts | Tagged , , , , | Leave a comment

Framing Value of Things and Making Things Valuable

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

Posted in Books | Tagged , , , , | Leave a comment

Value and its enigmas: from stained cloths to matrimonial alliances

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

Posted in community members posts | Tagged , , , | Leave a comment

The alienated consciousness, dehumanized human nature and capitalism

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

Posted in Art, Oleg Komlik | Tagged , , , , , | 2 Comments

Debt is a Product of Power Relations

Debt is a product of power relations which inherently exhibits capturing and dominating mechanisms of subordination, appropriation and exploitation in various societal, political and economic fields. Debt is a degrading institutional tool which not merely controls and masters labor in advance, it also self- … Continue reading

Posted in Books | Tagged , , , , , , , | 2 Comments

What is money? Who makes it? Can we understand the current state of the economy as a crisis of money itself?

The latest economic collapse has incited substantial conversation about debt, financialization, and the commodification of everyday life. But what exactly is money? Making Money: The Philosophy of Crisis Capitalism turns the questions raised in the title into a matter of … Continue reading

Posted in Books | Tagged , , , , , , , , | 1 Comment

The Value of Nothing and Market Society

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

Posted in Books | Tagged , , , , , , , , | Leave a comment

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

“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

Posted in Papers | Tagged , , , , , , | Leave a comment

The Sense of Dissonance: Accounts of Worth in Economic Life

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

Posted in Books | Tagged , , , , , , , , , | Leave a comment

The Worth of Goods: Valuation and Pricing in the Economy

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

Posted in Books | Tagged , , , , , | 1 Comment