LEADER 00000cam 2200577Ii 4500 001 ocn881183432 003 OCoLC 005 20160518075103.8 006 m o d 007 cr mn||||||||| 008 140609t20142014maua ob 001 0 eng d 019 881027878|a884543647 020 9780262323901|q(electronic bk.) 020 0262323907|q(electronic bk.) 020 1306841321|q(electronic bk.) 020 9781306841320|q(electronic bk.) 035 (OCoLC)881183432|z(OCoLC)881027878|z(OCoLC)884543647 040 N$T|beng|erda|epn|cN$T|dIDEBK|dOCLCO|dYDXCP|dOCLCF|dOSU |dZCU|dJSTOR|dNMC|dOCLCQ|dNAM|dEBLCP 041 1 eng|hfre 049 GTKE 050 4 HB201|b.O6713 2014eb 082 04 338.5/21|223 100 1 Orléan, André,|eauthor. 240 10 Empire de la valeur.|lEnglish 245 14 The empire of value :|ba new foundation for economics / |cAndré Orléan ; translated by M.B. DeBevoise. 264 1 Cambridge, Massachusetts :|bThe MIT Press,|c[2014] 264 4 |c©2014 300 1 online resource (x, 350 pages) :|billustrations 336 text|btxt|2rdacontent 337 computer|bc|2rdamedia 338 online resource|bcr|2rdacarrier 500 Translation of the author's L'empire de la valeur. 504 Includes bibliographical references (pages 325-342) and index. 505 00 |tIntroduction --|gpart I.|tCritique of political economy. |g1.|tSubstance value ;|g2.|tMarket objectivity ;|g3. |tScarcity and status --|gpart II.|tThe institution of value.|g4.|tMoney ;|g5.|tA new approach to value --|gpart III.|tMarket finance.|g6.|tFinancial valuation ;|g7. |tLiquidity and speculation --|gpart IV.|tSelf-referential finance and the subprime crisis.|g8.|tEuphoria, 2003 to 2007 ;|g9.|tThe crisis, 2007 to 2008 --|tConclusion. 520 "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."--Jacket. 588 0 Print version record. 611 27 Global Financial Crisis (2008-2009)|2fast |0(OCoLC)fst01755654 648 7 2008 - 2009|2fast 650 0 Value. 650 0 Economics. 650 0 Global Financial Crisis, 2008-2009. 650 7 BUSINESS & ECONOMICS|xIndustries|xGeneral.|2bisacsh 650 7 BUSINESS & ECONOMICS|xEconomic Conditions.|2bisacsh 650 7 Economics.|2fast|0(OCoLC)fst00902116 650 7 Value.|2fast|0(OCoLC)fst01163873 700 1 DeBevoise, M. B.,|etranslator. 776 08 |iPrint version:|aOrléan, André.|sEmpire de la valeur. English.|tEmpire of value.|dCambridge, Massachusetts : The MIT Press, [2014]|z9780262026970|w(DLC) 2013035291 |w(OCoLC)858610732 914 ocn881183432 994 93|bGTK
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