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Everything about Use value
How well a commodity fulfills human purposes
Use-value or value in use is a concept in classical political economy and Marxist economics. It refers to the tangible features of a commodity which can satisfy some human requirement, want or need, or which serves a useful purpose. For example, gold may be used as a means of exchange, as a decorative object, or one of the most efficient electrical conductors. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: Use valueA 5-minute orientation
- Skim a recent paper: The use of the E-value for sensitivity analysisInfluential work since 2022
- Pick up a classic book: Edible medicinal and non-medicinal plantsThe most-reprinted book on the subject
- Read the landmark paper: Value in use through service experienceCited 354 times
- Go sideways: GrundrisseA closely related topic
- Go sideways: Abstract and concrete labourA closely related topic
📖 Definitions
Noun The ability of an object (not necessarily a commodity) to satisfy a human need; a utility.
Noun An object with such ability.
🏆 Landmark papers (most cited)
Value in use through service experience
Conceptualizing and communicating value in business markets: From value in exchange to value in use
The Use of “Use Value”: Quantifying Importance in Ethnobotany
Monitoring value‐in‐use of e‐service
The Use of Fair Value in IFRS
Value creation or value destruction: Conceptualizing the experiential nature of value‐in‐use
Cultural Value Shifting in Pronoun Use
Value‐in‐use Pricing
🆕 Influential since 2022
The use of the E-value for sensitivity analysis
Nutritional value and end-use quality of durum wheat
Emerging technologies for value-added use of oil palm biomass
Reverse compassion: value-in-use and value-in-context of healthcare services during crisis
Metaverse in financial industry: Use cases, value, and challenges
📚 Books worth reading
Edible medicinal and non-medicinal plantsLim Tong Kwee · 2012
Kelley Blue Book Used Car GuideKelley Blue Book · 1993- 📕A value-added tax contrasted with a national sales taxJames M. Bickley · 1992
Man and the BibleJ. Allanson Picton · 1909
Natural taxationShearman, Thomas Gaskell · 1895- 📕The jade venusGeorge Harmon Coxe · 1945
Framing the FutureBernie Horn · 2007
LandPhilip Day · 1995
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
- Grundrisse The Grundrisse der Kritik der Politischen Ökonomie (Rohentwurf) (German: [ˈɡʁʊntˌʁɪsə]; lit. "Foundations of the Critique of Political Economy (Rough Draft)")…
- Abstract and concrete labour Abstract labour and concrete labour refer to a distinction made by Karl Marx in his critique of political economy. It refers to the difference between…
- Commodity fetishism In Marxist philosophy, commodity fetishism (German: Warenfetischismus) is a belief that social aspects of economic goods are inherent to them, rather than…
- Marxian economics Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl…
- Surplus value In Marxian economics, surplus value is the difference between the amount raised through a sale of a product and the amount it cost to manufacture it: i…
- Law of value The law of the value of commodities (German: Wertgesetz der Waren), known simply as the law of value, is a central concept in Karl Marx's critique of political…
- Relations of production Relations of production (German: Produktionsverhältnisse) It is first explicitly used in Marx's published book The Poverty of Philosophy, although Marx…
- Socially necessary labour time Socially necessary labour time in Marx's critique of political economy is what regulates the exchange value of commodities in trade. In short, socially…