"In this book Utz-Peter Reich documents the failure of microeconomic theory to explain value in national accounts. Relying on the hypothesis that national accounts have clandestinely developed their own value theory, hidden behind a plethora of practical rules, this theory is sh…
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Value is central to the market sectors of the contemporary economy, yet the best-established theories of value fail to expose how it operates and how it is manipulated for profit. This book begins to reconstruct the theory of value. In one sense, it argues, value is a personal a…
