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On Value and Valuation

On Value and Valuation

Hardcover

Series: Routledge Frontiers of Political Economy

EconomicsGeneral Sociology

ISBN10: 1041070578
ISBN13: 9781041070573
Publisher: Routledge
Published: Nov 14 2025
Pages: 180
Weight: 0.98
Height: 0.50 Width: 6.14 Depth: 9.21
Language: English

On Value and Valuation asks whether the category of economic value remains theoretically viable, how value is formed, and how it should be understood. It explores the interlinkages between economic value and social and cultural values.

On the one hand, the book draws on anthropological and sociological accounts of the evaluative frameworks within which things take on their social meanings; on the other, it explores and critiques the Marxist account of the formation of value in capitalist production. Its aim is to reconcile these two conceptions, and it does so by arguing that economic value is not a property of goods and services but is formed in specific institutions of valuation. It analyses new sources of value generated in markets in derivatives, in carbon credits and ecosystem services, in expert systems, and in new digital entities and seeks to deepen our understanding of value as a force driven by a web of social relations of accumulation that channel power and coercion.

Also from

Frow, John

Also in

Economics