Peter Herrmann
eBook, PDF

Value Theory: Is There Still Any Value in It? Revisiting Value and Valuation in a Globalising Digital World (eBook, PDF)

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The theory of value is probably the most disputed feature of Marx' political economy, while mostly another problem - namely the issue of transformation - is addressed. Two particular reasons for this contestation are the following: (1) it stands at the centre of marking the political of political economy, and (2) it is cross-cutting with respect to the micro- and macro-level and especially the 'personal/individual' and the 'societal/institutional' aspects of economic thinking. In addition, some illusionary reasoning, suggesting that we are all better off than we had been 10, 50 or 100 years ag...

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