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Routledge Against Utility-Based Economics - Political Economy

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Description

Challenge traditional economic models with this profound work from the Routledge Frontiers of Political Economy series. Against Utility-Based Economics: On a Life-Based Approach offers a radical departure from standard utility-based theory and choice-theoretic frameworks, which the author argues are fundamentally flawed and misleading. This book proposes a new theory of value and consumer behavior rooted in existential interpretations of scarcity and self-interest. By shifting the focus to the reality of human existence, the text argues that for self-conscious mortals, time is the only true scarcity, while all other forms of scarcity are derivative. It examines how value resides in life itself, acting as a knowledge extract of time that flows into commodities through human labor and depreciated capital. Designed for scholars and readers interested in anthropology, sociology, and political economy, this text provides a fresh perspective on how consumers structure preferences and how value is truly constructed in a world driven by the finite nature of time. It is an essential read for those seeking to understand the deeper connections between human life and economic systems.

Key Features

Challenges existing utility-based theories and choice-theoretic frameworks that are presented as biased and flawed.

Introduces a radical new theory of value based on existential interpretations of scarcity and self-interest.

Explores the concept of time as the only true scarcity for self-conscious mortals.

Analyzes how value is a knowledge extract of time that moves into commodities via labor and capital.

Part of the respected Routledge Frontiers of Political Economy academic series.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
25 June 2013
Listed Since
20 November 2012

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No barcode data available

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