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Against utility-based economics : on a life-based approach /

Utility-based theory and the fallback choice-theoretic framework are shown to be biased, irremediably flawed and misleading. A radically different theory of value and of consumer behaviour is proposed based on existential interpretations of scarcity, value and self-interest. For self-conscious morta...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Korkotsides, Anastasios S., 1950-
Format: Electronic eBook
Language:Inglés
Published: Milton Park, Abingdon, Oxon : Routledge, 2013.
Series:Routledge frontiers of political economy ; 173.
Subjects:
Online Access:Texto completo
Description
Summary:Utility-based theory and the fallback choice-theoretic framework are shown to be biased, irremediably flawed and misleading. A radically different theory of value and of consumer behaviour is proposed based on existential interpretations of scarcity, value and self-interest. For self-conscious mortals, only time is scarce. All other is derivative scarcity. Value is in the life, as a knowledge extract of time, which goes into commodities as direct human labour and depreciated capital, through their production. By structuring their preferences, consumers try to confiscate more of such.
Physical Description:1 online resource (xxiii, 272 pages) : illustrations
Bibliography:Includes bibliographical references and index.
ISBN:1135009732
9781135009731
9780203742471
0203742478