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

Against Utility-Based Economics: on a Life-Based Approach( )
Author: Korkotsides, Anastasios S.
Series title:Routledge Frontiers of Political Economy Ser.
ISBN:978-1-299-72651-2
Publication Date:Jan 2013
Publisher:Routledge
Book Format:Ebook
List Price:USD $140.00
Book Description:

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...
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