Author: Dave Elder-Vass
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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…
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Inventing Value: financial value in practice
This is the second of four posts composed of extracts from the introductory chapter of my recent book Inventing Value (Cambridge UP, 2022). “The second, more empirically oriented, part of this book is about these processes in which finance sector actors influence asset valuations. It discusses how asset circles are constructed and how their members…
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Inventing Value: theories of value
This is the first of four posts composed of extracts from the introductory chapter of my recent book Inventing Value (Cambridge UP, 2022). “The first step we must take in this journey is to confront the contentious concept of value itself. Existing understandings of economic value are dominated by two traditions of economic thought. On…