Against Utility-Based Economics : On a Life-Based Approach

Utility-based theory and the fallback choice-theoretic framework are shown to be biased, irremediably flawed and misleading. A radically different theory of value and of consumer behaviour is proposed based on existential interpretations of scarcity, value and self-interest. For self-conscious mortals, only time is scarce. All other is derivative scarcity. Value is in the life, as a knowledge extract of time, which goes into commodities as direct human labour and depreciated capital, through their production. By structuring their preferences, consumers try to confiscate more of such

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Year of publication:	2013
Authors:	Korkotsides, Anastasios S.
Publisher:	Hoboken : Taylor and Francis
Subject:	Konsumentenverhalten \| Consumer behaviour \| Entscheidungstheorie \| Decision theory \| Werttheorie \| Theory of value \| Nutzentheorie \| Utility theory

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Extent:	Online-Ressource (297 p)
Series:	Routledge Frontiers of Political Economy Routledge Frontiers of Political Economy Ser.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover; Against Utility-Based Economics; Title Page; Copyright Page; Dedication; Table of Contents; List of figures; Preface; Acknowledgements; Part I The beast; 1 Introduction; 2 Debunking utility; 3 Consumption in social context; 3.1 On conceptual and other alchemy; 4 Consuming life; 4.1 On goodness and rationality; 5 On life-based value; 5.1 Consumption in Marx; Part II Its measurable footprint; 6 Analytics; 6.1 Steady state; 6.2 Individual performance and system dynamics; 6.3 Graphical depictions; 6.4 Lowest potential equilibrium; 6.5 On exchanged values, parsimony and power; 7 Epilogue NotesBibliography; Index Electronic reproduction; Available via World Wide Web
ISBN:	978-0-415-82963-2 ; 978-1-135-00973-1 ; 978-0-415-82963-2
Source:	ECONIS - Online Catalogue of the ZBW

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