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| Author: | Sorensen, A. |
| Title: | Value, Business and Globalisation - Sketching a Critical Conceptual Framework |
| Journal: | Journal of Business Ethics
2002 : VOL. 39:1-2, p. 161-167 |
| Index terms: | ECONOMICS MARKETS GLOBALIZATION VALUATION |
| Language: | eng |
| Abstract: | Value is a basic concept in economics, ethics and sociology. Locke made labour the source of value, whereas Smith referred to an ideal exchange and Kant specified that commodities only have a market price, no intrinsic value. One can distinguish two modern concepts of value, an economic one trying to explain value in terms of utility, interest or preferences, and an ideal one considering values as ends in themselves. On this basis, Durkheim constructed his theory of value, which was developed by his followers Mauss and Bougie and further by Bataille. Their line of thought makes it possible to develop a conceptual framework, which can be used to criticize neo-liberalism, big business and the effects of globalisation. |
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