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Worth as Integration of Utility and Value

Author

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  • Dianko Mintchev

Abstract

This study presents a variant for synthesis of the essential categories utility and value on the level of society. The labour theory of value and the theory of marginal utility are the starting base. Worth (as distinct from value) is the integrating category. That is why the synthesis can be called common theory of worth. It should be understood as a framework for the explanation of the essence of the functioning of the economy and as a result of the application of a new, organic approach.

Suggested Citation

  • Dianko Mintchev, 2012. "Worth as Integration of Utility and Value," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 47-78.
    • Handle: RePEc:bas:econst:y:2012:i:4:p:47-78
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    More about this item

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other

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