Month: September 2022
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Inventing Value: Taking a realist perspective
This is the last of four extracts from the introductory chapter of my recent book Inventing Value (Cambridge UP, 2022). “The argument builds on work from a range of disciplines, most notably economic sociology, heterodox economics and political economy, and in particular on excellent recent work in the study of finance and valuation. In recent…
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Inventing Value: Financial value vs social value?
This is the third of four extracts from the introductory chapter of my recent book Inventing Value (Cambridge UP, 2022). “The explosion of financial assets over the last few decades has transformed the world’s leading economies. The finance, insurance and real estate sector now accounts for 21% of US national income – double its level in…