On measuring the real value of production. Reflections on the economic order of the real world on occasion of the financial crisis

• Authors: Helmut Maier
• Languages of publication: EN

Abstracts

EN

The article provides an answer in a new dimension to the very old question about the real value of production which has become up to date again after the financial crisis with its immense losses of securities and stocks. The answer includes the knowledge from the latest research on the existence of the economic order in the real equal natural world with energy as the means of payment. The results of a microeconomic approach within this natural order, based on observations and characteristics of marginal quantities within production processes, are described.

Keywords

EN

financial crisis; value theory; ecological; bio-physical; and philosophy of economics

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Econometrics. Ekonometria. Advances in Applied Data Analytics
• Year: 2013
• Issue: 1(39)
• Pages: 162-183

Dates

published

2013

Contributors

author

Helmut Maier

• Berlin School of Economics and Law, and Leontief-Institute for Economic Analysis/Germany

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