The Resource The empire of value : a new foundation for economics, André Orléan ; translated by M. B. DeBevoise

The empire of value : a new foundation for economics, André Orléan ; translated by M. B. DeBevoise

Label
The empire of value : a new foundation for economics
Title
The empire of value
Title remainder
a new foundation for economics
Statement of responsibility
André Orléan ; translated by M. B. DeBevoise
Creator
Contributor
Author
Translator
Subject
Language
  • eng
  • fre
  • eng
Summary
"With the advent of the 2007-2008 financial crisis, the economics profession itself entered into a crisis of legitimacy from which it has yet to emerge. Despite the obviousness of their failures, however, economists continue to rely on the same methods and to proceed from the same underlying assumptions. André Orléan challenges the neoclassical paradigm in this book, with a new way of thinking about perhaps its most fundamental concept, economic value. Orléan argues that value is not bound up with labor, or utility, or any other property that preexists market exchange. Economic value, he contends, is a social force whose vast sphere of influence, amounting to a kind of empire, extends to every aspect of economic life. Markets are based on the identification of value with money, and exchange value can only be regarded as a social institution. Financial markets, for example, instead of defining an extrinsic, objective value for securities, act as a mechanism for arriving at a reference price that will be accepted by all investors. What economists must therefore study, Orléan urges, is the hold that value has over individuals and how it shapes their perceptions and behavior."--book jacket
Member of
Cataloging source
N$T
Dewey number
338.5/21
Illustrations
illustrations
Index
index present
LC call number
HB201
LC item number
.O6713 2014eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Label
The empire of value : a new foundation for economics, André Orléan ; translated by M. B. DeBevoise
Publication
Copyright
Note
Translation of the author's L'empire de la valeur
Bibliography note
Includes bibliographical references (pages 325-342) and index
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Scarcity and status
  • part II.
  • The institution of value.
  • 4.
  • Money ;
  • 5.
  • A new approach to value
  • part III.
  • Market finance.
  • 6.
  • Introduction
  • Financial valuation ;
  • 7.
  • Liquidity and speculation
  • part IV.
  • Self-referential finance and the subprime crisis.
  • 8.
  • Euphoria, 2003 to 2007 ;
  • 9.
  • The crisis, 2007 to 2008
  • Conclusion
  • part I.
  • Critique of political economy.
  • 1.
  • Substance value ;
  • 2.
  • Market objectivity ;
  • 3.
Control code
ocn881183432
Dimensions
unknown
Extent
1 online resource (x, 350 pages)
Form of item
online
Isbn
9780262323901
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 22573/ctt88pkcx
  • 615383
http://library.link/vocab/recordID
.b32869654
Specific material designation
remote
System control number
  • (OCoLC)881183432
  • jstor881183432

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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