Value and an Invariable Unit of Value - Softcover

William A. Whittick

 
9781330639252: Value and an Invariable Unit of Value

Synopsis

This book tackles the enigma of value in economics, a fundamental concept underpinning the justice of market exchanges. By unraveling the complexities of value determination, the author challenges the prevailing views on the subject, which have long plagued the field of economics and hindered its progress. Through a rigorous examination of various economic perspectives, the author argues that value should be understood as difficulty of attainment, a view that clashes with the tendency to equate value with material substances. By challenging the notion of a commodity-based standard of value and proposing an invariable unit, this book offers a fresh and innovative approach to economic theory, paving the way for significant advancements in the field and laying the groundwork for a more equitable and just economic system.

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