The Worth Of Goods: Valuation And Pricing In The Economy

The Worth Of Goods: Valuation And Pricing In The Economy

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SKU: SONG0199594651
Brand: OXFORD UNIVERSITY PRESS
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How do we place value on goodsand, importantly, why? Valuation and pricing are core issues in the market economy, but understanding of these concepts and their interrelation is weak. In response, The Worth of Goods takes a sociological approach to the perennial but timely question of what makes a product valuable.Structured in three parts, it first examines value in the broader sensemoral values and how they are formed, and the relations between economic and noneconomic values discussing such matters as the value of an oil spill, the price of a scientific paper, value in ethical consumption, and imaginative value. The second part discusses the issues surrounding valuation in aesthetic markets, specifically wine, fashion models, art, and the creative industries. The third part analyzes valuation in financial marketscredit rating agencies, stock exchange markets, and industrial production.This pioneering volume brings together leading social scientists to provide a range of theoretical tools and case studies for understanding price and the creation of value in markets within social and cultural contexts and preconditions. It is an important source for scholars in economics, sociology, anthropology, and political science interested in how markets work, and how value is established.

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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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