Revolutionises our understanding of value, using contemporary financial examples from the global crash of 2008 to the rise of Bitcoin.
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Dave Elder-Vass's experience as a government economist, a corporate IT manager, and a sociologist at Loughborough University gives him a unique insight into the contemporary economy. His previous books include Profit and Gift in the Digital Economy (2016) and The Reality of Social Construction (2012).
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Hardcover. Condition: new. Hardcover. Value is central to the market sectors of the contemporary economy, yet the best-established theories of value fail to expose how it operates and how it is manipulated for profit. This book begins to reconstruct the theory of value. In one sense, it argues, value is a personal assessment of worth, but those assessments draw deeply on normative standards. The book examines those standards and how they are formed, transformed and supported by the construction of new social structures. The empirical evidence comes from contemporary financial examples: the mortgage-backed securities that caused the global crash of 2008, how venture capitalists secure outrageous valuations for so-called unicorn companies, and the rise of Bitcoin. The result is a theory that shows how value is invented by value entrepreneurs in pursuit of their interests and thus provides a new basis for criticising the role of value in the commodity economy and the finance sector. Dave Elder-Vass argues that economists have failed to understand the nature and function of value. This book shows how value works, drawing on contemporary financial examples: the mortgage-backed securities that caused the global crash of 2008, how venture capitalists secure outrageous valuations for new companies, and the rise of Bitcoin. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9781009199339
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Gebunden. Condition: New. Über den AutorDave Elder-Vass s experience as a government economist, a corporate IT manager, and a sociologist at Loughborough University gives him a unique insight into the contemporary economy. His previous books include Profit a. Seller Inventory # 591551048
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