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Новая Теория Рынка И Капитализма. В 3-Х Частях. Часть 2. Стоимость
[A New Theory of Market and Capitalism. In three parts. Part 2. Value]

Author

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  • Zheleznyak, Anatoliy

Abstract

A new theory of value is suggested. Its key moments and general logic are presented. The theory has all-purpose nature (is applicable to any commodities, any markets and any market situations). Value is considered as a multicomponent notion which characterizes commodity's internal behaviour (i.e. behaviour independent of market conjuncture). Labour and use values as well as supply and demand ones are interpreted as different components of total value. The role of these components in pricing on balanced and unbalanced markets is investigated. The fundamental conclusion about relationship between value and social psychology and culture is made. Comparison with alternative theories is made.

Suggested Citation

  • Zheleznyak, Anatoliy, 2014. "Новая Теория Рынка И Капитализма. В 3-Х Частях. Часть 2. Стоимость [A New Theory of Market and Capitalism. In three parts. Part 2. Value]," MPRA Paper 60969, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:60969
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    More about this item

    Keywords

    Value; price; supply; demand; market equilibrium (market balance); market disequilibrium (market imbalance);
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • D00 - Microeconomics - - General - - - General
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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