The Empire of Value

The Empire of Value PDF Author: Andre Orlean
Publisher: MIT Press
ISBN: 0262549581
Category : Business & Economics
Languages : en
Pages : 361

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Book Description
An argument that conceiving of economic value as a social force makes it possible to develop a new and more powerful theory of market behavior. With the advent of the 2007–2008 financial crisis, the economics profession itself entered into a crisis of legitimacy from which it has yet to emerge. Despite the obviousness of their failures, however, economists continue to rely on the same methods and to proceed from the same underlying assumptions. André Orléan challenges the neoclassical paradigm in this book, with a new way of thinking about perhaps its most fundamental concept, economic value. Orléan argues that value is not bound up with labor, or utility, or any other property that preexists market exchange. Economic value, he contends, is a social force whose vast sphere of influence, amounting to a kind of empire, extends to every aspect of economic life. Markets are based on the identification of value with money, and exchange value can only be regarded as a social institution. Financial markets, for example, instead of defining an extrinsic, objective value for securities, act as a mechanism for arriving at a reference price that will be accepted by all investors. What economists must therefore study, Orléan urges, is the hold that value has over individuals and how it shapes their perceptions and behavior. Awarded the prestigious Prix Paul Ricoeur on its original publication in France in 2011, The Empire of Value has been substantially revised and enlarged for this edition, with an entirely new section discussing the financial crisis of 2007–2008.

The Empire of Value

The Empire of Value PDF Author: Andre Orlean
Publisher: MIT Press
ISBN: 0262549581
Category : Business & Economics
Languages : en
Pages : 361

Get Book

Book Description
An argument that conceiving of economic value as a social force makes it possible to develop a new and more powerful theory of market behavior. With the advent of the 2007–2008 financial crisis, the economics profession itself entered into a crisis of legitimacy from which it has yet to emerge. Despite the obviousness of their failures, however, economists continue to rely on the same methods and to proceed from the same underlying assumptions. André Orléan challenges the neoclassical paradigm in this book, with a new way of thinking about perhaps its most fundamental concept, economic value. Orléan argues that value is not bound up with labor, or utility, or any other property that preexists market exchange. Economic value, he contends, is a social force whose vast sphere of influence, amounting to a kind of empire, extends to every aspect of economic life. Markets are based on the identification of value with money, and exchange value can only be regarded as a social institution. Financial markets, for example, instead of defining an extrinsic, objective value for securities, act as a mechanism for arriving at a reference price that will be accepted by all investors. What economists must therefore study, Orléan urges, is the hold that value has over individuals and how it shapes their perceptions and behavior. Awarded the prestigious Prix Paul Ricoeur on its original publication in France in 2011, The Empire of Value has been substantially revised and enlarged for this edition, with an entirely new section discussing the financial crisis of 2007–2008.

The Empire of Value

The Empire of Value PDF Author: André Orléan
Publisher:
ISBN: 9780262323901
Category : Business & Economics
Languages : en
Pages : 360

Get Book

Book Description
With the advent of the 2007--2008 financial crisis, the economics profession itself entered into a crisis of legitimacy from which it has yet to emerge. Despite the obviousness of their failures, however, economists continue to rely on the same methods and to proceed from the same underlying assumptions. André Orléan challenges the neoclassical paradigm in this book, with a new way of thinking about perhaps its most fundamental concept, economic value. Orléan argues that value is not bound up with labor, or utility, or any other property that preexists market exchange. Economic value, he contends, is a social force whose vast sphere of influence, amounting to a kind of empire, extends to every aspect of economic life. Markets are based on the identification of value with money, and exchange value can only be regarded as a social institution. Financial markets, for example, instead of defining an extrinsic, objective value for securities, act as a mechanism for arriving at a reference price that will be accepted by all investors. What economists must therefore study, Orléan urges, is the hold that value has over individuals and how it shapes their perceptions and behavior. Awarded the prestigious Prix Paul Ricoeur on its original publication in France in 2011, The Empire of Value has been substantially revised and enlarged for this edition, with an entirely new section discussing the financial crisis of 2007--2008.

The Empire of Things

The Empire of Things PDF Author: Fred R. Myers
Publisher: School for Advanced Research on the
ISBN: 9781930618060
Category : Social Science
Languages : en
Pages : 353

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Book Description


The Empire Trap

The Empire Trap PDF Author: Noel Maurer
Publisher: Princeton University Press
ISBN: 1400846609
Category : Business & Economics
Languages : en
Pages : 568

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Book Description
Throughout the twentieth century, the U.S. government willingly deployed power, hard and soft, to protect American investments all around the globe. Why did the United States get into the business of defending its citizens' property rights abroad? The Empire Trap looks at how modern U.S. involvement in the empire business began, how American foreign policy became increasingly tied to the sway of private financial interests, and how postwar administrations finally extricated the United States from economic interventionism, even though the government had the will and power to continue. Noel Maurer examines the ways that American investors initially influenced their government to intercede to protect investments in locations such as Central America and the Caribbean. Costs were small--at least at the outset--but with each incremental step, American policy became increasingly entangled with the goals of those they were backing, making disengagement more difficult. Maurer discusses how, all the way through the 1970s, the United States not only failed to resist pressure to defend American investments, but also remained unsuccessful at altering internal institutions of other countries in order to make property rights secure in the absence of active American involvement. Foreign nations expropriated American investments, but in almost every case the U.S. government's employment of economic sanctions or covert action obtained market value or more in compensation--despite the growing strategic risks. The advent of institutions focusing on international arbitration finally gave the executive branch a credible political excuse not to act. Maurer cautions that these institutions are now under strain and that a collapse might open the empire trap once more. With shrewd and timely analysis, this book considers American patterns of foreign intervention and the nation's changing role as an imperial power.

A Game As Old As Empire

A Game As Old As Empire PDF Author: Steve Hiatt
Publisher: ReadHowYouWant.com
ISBN: 1442961570
Category : Political Science
Languages : en
Pages : 322

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Book Description
John Perkins links his experiences to new revelations that expose the drive for empire that lies behind the rhetoric of globalization....Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign ''aid'' organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools include fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.

99 Theses on the Revaluation of Value

99 Theses on the Revaluation of Value PDF Author: Brian Massumi
Publisher: U of Minnesota Press
ISBN: 1452958122
Category : Philosophy
Languages : en
Pages : 222

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Book Description
A speculative exploration of value, emphasizing practical experimentation in its future forms How can we begin to envision a postcapitalist economy without first engineering a radically new concept of value? And with a renewed sense of how and what we collectively value, what would the transition to new social forms look like? According to Brian Massumi, it is time to reclaim value from the capitalist market and the neoliberal reduction of life to “human capital.” It is time to occupy surplus-value for a postcapitalist future. 99 Theses on the Revaluation of Value is both a theoretical and practical manifesto. Massumi reexamines ideas about money, exchange, and finance, with special attention to how what we value in experience for quality is economically translated into quantity. He proposes new conceptual tools for understanding value in directly qualitative terms, speculating on how this revaluation of value might practically form the basis of an alter-economy. A promising path, he suggests, might involve emerging blockchain technologies beyond bitcoin. But these must be uprooted from their libertarian origins and redesigned to serve not individual choice but collective creativity, not calculations of self-interest but collaborative speculations on the future to be shared. It is necessary to grasp the specificity of our contemporary neoliberal condition and the ultimately destructive forms of power it mobilizes to better resist their claim on the future. 99 Theses on the Revaluation of Value is written to galvanize a radical redefinition of value for a livable postcapitalist future.

The Empire of Brazil at the Paris International Exhibition of 1867

The Empire of Brazil at the Paris International Exhibition of 1867 PDF Author: Brazil Commissao Brazileira Na Exposi
Publisher: BoD – Books on Demand
ISBN: 3752523549
Category : Fiction
Languages : en
Pages : 350

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Book Description
Reprint of the original, first published in 1867.

Empire, Economics, and the New Testament

Empire, Economics, and the New Testament PDF Author: Peter Oakes
Publisher: Wm. B. Eerdmans Publishing
ISBN: 1467460036
Category : Religion
Languages : en
Pages : 297

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Book Description
Peter Oakes has long been recognized for his illuminating use of Greco-Roman material culture and social-scientific criticism to interpret the New Testament. This volume brings together his best work and introduces a substantial new essay that challenges current scholarly approaches to paradoxical teachings of the New Testament. Of special interest to Oakes throughout this book is the concrete impact of economic realities and Roman imperialism on first-century Christian communities meeting in house churches. To address this, Oakes considers an array of textual and archaeological resources from first-century non-elite life, including extensive archaeological evidence available from Pompeii. Readers will find here a deep trove of wisdom for understanding the New Testament in the context of the Greco-Roman world.

The Resources of the Empire and Their Development

The Resources of the Empire and Their Development PDF Author: Evans Lewin
Publisher:
ISBN:
Category : Great Britain
Languages : en
Pages : 366

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Book Description


Jesus and the Empire of God

Jesus and the Empire of God PDF Author: Margaret Froelich
Publisher: Bloomsbury Publishing
ISBN: 0567700879
Category : Religion
Languages : en
Pages : 187

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Book Description
Margaret Froelich examines the Gospel of Mark using political and empire-critical methodologies, following postcolonial thinkers in perceiving a far more ambivalent message than previous pacifistic interpretations of the text. She argues that Mark does not represent an entirely new way of thinking about empire or cosmic structures, but rather exhibits concepts and structures with which the author and his audience are already familiar in order to promote the Kingdom of God as a better version of the encroaching Roman Empire. Froelich consequently understands Mark as a response to the physical, ideological, and cultural displacement of the first Roman/Judean War. By looking to Greek, Roman, and Jewish texts to determine how first-century authors thought of conquest and expansion, Froelich situates the Gospel directly in a historical and socio-political context, rather than treating that context as a mere backdrop; concluding that the Gospel portrays the Kingdom of God as a conquering empire with Jesus as its victorious general and client king.