The Empire of Value
The Empire of Value

Author: Andre Orlean

Publisher: MIT Press

Published: 2023-10-31

Total Pages: 361

ISBN-13: 0262549581

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An argument that conceiving of economic value as a social force makes it possible to develop a new and more powerful theory of market behavior. With the advent of the 2007–2008 financial crisis, the economics profession itself entered into a crisis of legitimacy from which it has yet to emerge. Despite the obviousness of their failures, however, economists continue to rely on the same methods and to proceed from the same underlying assumptions. André Orléan challenges the neoclassical paradigm in this book, with a new way of thinking about perhaps its most fundamental concept, economic value. Orléan argues that value is not bound up with labor, or utility, or any other property that preexists market exchange. Economic value, he contends, is a social force whose vast sphere of influence, amounting to a kind of empire, extends to every aspect of economic life. Markets are based on the identification of value with money, and exchange value can only be regarded as a social institution. Financial markets, for example, instead of defining an extrinsic, objective value for securities, act as a mechanism for arriving at a reference price that will be accepted by all investors. What economists must therefore study, Orléan urges, is the hold that value has over individuals and how it shapes their perceptions and behavior. Awarded the prestigious Prix Paul Ricoeur on its original publication in France in 2011, The Empire of Value has been substantially revised and enlarged for this edition, with an entirely new section discussing the financial crisis of 2007–2008.

British Colonial Theories 1570-1850
British Colonial Theories 1570-1850

Author: Klaus E. Knorr

Publisher: University of Toronto Press

Published: 1944-12-15

Total Pages: 644

ISBN-13: 1487591012

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The purpose of this study is to present and examine significant British colonial theories on the advantages and disadvantages resulting to the mother country from the establishment and maintenance of overseas colonies. For what reasons was the building and preservation of Empire thought profitable or unprofitable to the British nation? Professor Knorr has performed a major service in providing a selection of representative statements in the course of a discussion which proceeds by chronological periods and also by important topics from contemporary events. The original printing of this work, published in 1944, was received with enthusiastic reviews and went out of print in a few years. An equally warm welcome can be predicted now.

Imperial Engineers
Imperial Engineers

Author: Richard Hornsey

Publisher: University of Toronto Press

Published: 2022-03-31

Total Pages: 378

ISBN-13: 1487535058

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Established in 1871 on the outskirts of London, the Royal Indian Engineering College at Coopers Hill was arguably the first engineering school in Britain. For thirty-five years the college helped staff the government institutions of British India responsible for the railways, irrigation systems, telegraph network, and forests. Founded to meet the high demand for engineers in that country, it was closed thirty-five years later because its educational innovations had been surpassed by Britain’s universities – on both occasions against the wishes of the Government of India. Imperial Engineers offers a complete history of the Royal Indian Engineering College. Drawing on the diaries of graduates working in India, the college magazine, student and alumni periodicals, and other archival documents, Richard Hornsey details why the college was established and how the students’ education prepared them for their work. Illustrating the impact of the college and its graduates in India and beyond, Imperial Engineers illuminates the personal and professional experiences of British men in India as well as the transformation of engineering education at a time of social and technological change.