El Economical Value: a Presentation of its Measurements

How do economists value anything in order to understand that certain amount of goods worth the same as another amount of goods, or money? How do they value a group of heterogeneous things in order to make simple arithmetic operations? The answers to these and some similar questions lead us to the th...

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Main Author: Hernández Rodríguez, Isidro
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Published: Universidad Antonio Nariño 2021
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Online Access:http://revistas.uan.edu.co/index.php/papeles/article/view/598
http://repositorio.uan.edu.co/handle/123456789/5431
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author Hernández Rodríguez, Isidro
author_facet Hernández Rodríguez, Isidro
author_sort Hernández Rodríguez, Isidro
collection DSpace
description How do economists value anything in order to understand that certain amount of goods worth the same as another amount of goods, or money? How do they value a group of heterogeneous things in order to make simple arithmetic operations? The answers to these and some similar questions lead us to the theory of value, and this paper aims to present, in a didactical way, a single conceptual aspect: the unity of the value measurement. Any economic scholar knows that value has a huge complexity because it is related to some other essential theorical aspects, such as the theory of capital, the theory of production, and the theory of distribution. This document does not deal with such topics, although it has to mention them superficially. Its purpose is to briefly present why a unity of the value measurement is needed, and the difficulties faced by the economic theories in their searches, always taking in mind a reader with few bases in economics (specialists should turn to other books that deal with thattopic). In order to achieve its purpose, the text was written in a progressive way: from classical to contemporary economical thinking, from simple cases to complex ones. Therefore, the first part of the paper deals with the origin of the necessity of value measurements. Then it shows why the theory of value is important (such as the importance of its measurement), what leads us to explain the requirements that a value measurement must fulfil, and which sorts of solutions have been suggestedalong the time; finally, it closes with a general conclusion
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spelling repositorio.uan.edu.co-123456789-54312024-10-09T23:06:23Z El Economical Value: a Presentation of its Measurements El valor económico: una presentación de sus medidas Hernández Rodríguez, Isidro theory of value value measurement economics history teoría del valor medida del valor historia de la economía How do economists value anything in order to understand that certain amount of goods worth the same as another amount of goods, or money? How do they value a group of heterogeneous things in order to make simple arithmetic operations? The answers to these and some similar questions lead us to the theory of value, and this paper aims to present, in a didactical way, a single conceptual aspect: the unity of the value measurement. Any economic scholar knows that value has a huge complexity because it is related to some other essential theorical aspects, such as the theory of capital, the theory of production, and the theory of distribution. This document does not deal with such topics, although it has to mention them superficially. Its purpose is to briefly present why a unity of the value measurement is needed, and the difficulties faced by the economic theories in their searches, always taking in mind a reader with few bases in economics (specialists should turn to other books that deal with thattopic). In order to achieve its purpose, the text was written in a progressive way: from classical to contemporary economical thinking, from simple cases to complex ones. Therefore, the first part of the paper deals with the origin of the necessity of value measurements. Then it shows why the theory of value is important (such as the importance of its measurement), what leads us to explain the requirements that a value measurement must fulfil, and which sorts of solutions have been suggestedalong the time; finally, it closes with a general conclusion ¿Cómo valora el economista para poder entender que una cantidad de un bien es igual a una cantidad de otro bien o de dinero? ¿Cómo valora un conjunto de cosas heterogéneas para poder hacer simples operaciones aritméticas? Las respuestas a estas y otras preguntas similares remiten la atención a la teoría del valor, y este artículo se dedica a presentar, de manera didáctica, un único aspecto conceptual: la unidad de medida del valor. Cualquier profesional de la economía sabe que el tema del valor tiene una complejidad enorme porque está relacionado con la determinación de otros aspectos teóricos esenciales, tales como la teoría del capital, la teoría de la producción y la teoría de distribución. Este documento no trata estos aspectos, aunque tenga que aludir a ellos tangencialmente; su objetivo es exponer de manera sucinta y entendible el porqué de la necesidad de una unidad de medida de valor y las dificultades que enfrentan las teorías económicas en su búsqueda, siempre teniendo en mente un público lector con leves bases en economía (el especialista debe recurrir a otros textos rigurosos que desarrollan este tema). Para lograr tal objetivo, el texto se redactó de forma progresiva: de lo más antiguo a lo más nuevo del pensamiento económico, del caso más sencillo al más complejo. Por ello, la primera sección se dedica a mostrar el origen de la necesidad de la medición del valor. Luego se pasa a mostrar por qué la teoría del valor es importante (al igual que la relevancia de la medición), lo que abre paso a exponer cuáles son los requisitos que debe cumplir una métrica del valor y las soluciones que han sugerido las diferentes escuelas de pensamiento económico, y se cierra con una conclusión. 2021-11-10T00:52:56Z 2021-11-10T00:52:56Z 2019-02-12 info:eu-repo/semantics/publishedVersion http://purl.org/coar/resource_type/c_6501 info:eu-repo/semantics/article http://purl.org/coar/version/c_970fb48d4fbd8a85 http://revistas.uan.edu.co/index.php/papeles/article/view/598 10.54104/papeles.v11n22.598 http://repositorio.uan.edu.co/handle/123456789/5431 spa http://revistas.uan.edu.co/index.php/papeles/article/view/598/514 Acceso abierto Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) https://creativecommons.org/licenses/by-nc-sa/4.0/ info:eu-repo/semantics/openAccess http://purl.org/coar/access_right/c_abf2 application/pdf Universidad Antonio Nariño 2346-0911 0123-0670 10.54104/papeles.v11n22 PAPELES; Vol. 11 No. 22 (2019); 22-42 PAPELES; Vol. 11 Núm. 22 (2019); 22-42
spellingShingle theory of value
value measurement
economics history
teoría del valor
medida del valor
historia de la economía
Hernández Rodríguez, Isidro
El Economical Value: a Presentation of its Measurements
title El Economical Value: a Presentation of its Measurements
title_full El Economical Value: a Presentation of its Measurements
title_fullStr El Economical Value: a Presentation of its Measurements
title_full_unstemmed El Economical Value: a Presentation of its Measurements
title_short El Economical Value: a Presentation of its Measurements
title_sort el economical value a presentation of its measurements
topic theory of value
value measurement
economics history
teoría del valor
medida del valor
historia de la economía
url http://revistas.uan.edu.co/index.php/papeles/article/view/598
http://repositorio.uan.edu.co/handle/123456789/5431
work_keys_str_mv AT hernandezrodriguezisidro eleconomicalvalueapresentationofitsmeasurements
AT hernandezrodriguezisidro elvaloreconomicounapresentaciondesusmedidas
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