Die Bedeutung eines Dollars: Erhaltungssätze und die gesellschaftliche Theorie des Werts in der Ökonomie

Abstract

The article demonstrates that both the classical and the neoclassical theory of value are a transformation of conservation principles of the Physics of their time into Economics. Instead of basing value on nature, the author tries to emphasize a social theory of value that connects to early American institutionalism, which presents value as a contingent and socially constructed phenomenon.