1st Edition

Against Utility-Based Economics On a Life-Based Approach

By Anastasios Korkotsides Copyright 2013
296 Pages 5 B/W Illustrations
by Routledge

296 Pages 5 B/W Illustrations
by Routledge

296 Pages 5 B/W Illustrations
by Routledge

Utility-based theory and the fallback choice-theoretic framework are shown to be biased, irremediably flawed and misleading. A radically different theory of value and of consumer behaviour is proposed based on existential interpretations of scarcity, value and self-interest. For self-conscious mortals, only time is scarce. All other is derivative scarcity. Value is in the life, as a knowledge... Read more
Part I: The Beast  1. Introduction  2. Debunking Utility  3. Consumption in Social Context: On conceptual and other alchemy  4. Consuming Live: On goodness and rationality  5. On Life-Based Value: Consumption in Marx  Part II: Its Measurable Footprint  6. Analytics  7. Epilogue

Biography

Anastasios S. Korkotsides is Assistant Professor, Faculty of Economics, University of Athens, Greece.