Energy-information Concept of Value
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
Інтернет-холдінг Олег Соскіна
Abstract
The «value» category belongs to fundamental categories, it is basic in the economy.
As opposed to the well-known labour theory of value, marginalist theory of value (marginal utility theory)
and value theories of neo-classic approach, this paper studies value from its energy-information nature’s
(its genesis) point of view. Building on theoretical physics and philosophy conceptions regarding «energy»
and «information» categories and energy-information duality, the energy-information nature of value has
been studied in this research, appropriate features of value have been revealed, as well as its performance
(movement) in modern economy (in finance, more precisely, which are the economic domain, where exchange
value operates), the nature of financial risks and financial crises.
Methods. The main principle, placed in the foundation of study of value concept within economic relations,
laws of its movement in economy, role of finances in realization of value (money value and money capital, and
further - price) is the following: financial and economic science, in general, must not be based on statements,
created by economic science only, but additionally, on fundamental philosophic achievements and other
results and achievements by sciences, which are relevant to finance, theoretical physics first of all.
Purpose: to study energy-information nature (genesis) of value, and reveal value’s features and laws of its
movement in economy from that foundation, which grants a deeper understanding of nature of financial risks
and financial crises, as well as sources of value enlargement and economic growth.
Results. It was substantiated that value is a type of, let us define this as «central» energy. Value is the
economy’s internal energy, which is necessary for its development. Operating in unbreakable value-information
interconnection, which is an analogue of energy-information interrelation in the economy, value intertwines all
economic relations, shapes relevant value-chains, connects them into a single economy. Energy-information
nature (genesis) of value emerges in the following: firstly, consumer and exchange forms of value form and
exist as a result of processes, which are possible due to unbreakable connection of energy and information;
secondly, information is a carrier of energy as economic resource; it has consumer and exchange values,
which are reflected on products, which are produced with this information’s participation; thirdly, on the
surface of economic relations, consumer and exchange values are revealed in appropriate information,
due to information exchange. Finance is the domain where money (exchange) value and money capital are
functioning. The following three features of value were analysed: (1) value operates within value-information
interconnection system only; (2) value does not appear from emptiness nor disappear, but transforms from
one state to another, intertwining processes, events and things in the economy; (3) value’s quantity is relative.
These features of value concern the following: (a) its operation mechanism; (b) its sources; (c) system of
coordinates and reference systems that employ value, and quantity of value is defined according to them.
Conclusion. Certain statements regarding energy, formulated by theoretical physics, transform logically into
value’s characteristics, which are well-known to economic science and practice. This has significant practical
meaning, as provides a possibility to reveal the energy-information nature of value. Consequently, there is the
possibility to reveal value’s peculiarities and laws of its movement in the economy, which provides us with a
unique opportunity to deepen the knowledge of financial risks’ nature and financial crises’ nature, sources of
value enlargement and economic growth, on this particular foundation.
Базуючись на положеннях теоретичної фізики та філософії стосовно категорій «енергія», «інформація»
та енергоінформаційного дуалізму, у статті досліджено енергоінформаційну природу вартості й
закономірності її функціонування (руху) в сучасній економіці, а точніше – у фінансах. Розкрито
властивості вартості, які, у свою чергу, дають глибше розуміння природи фінансових ризиків і
фінансових криз, джерел збільшення вартості й економічного зростання.
Базируясь на положениях теоретической физики и философии относительно категорий «энергия»,
«информация» и энергоинформационный дуализм, в статье исследовано энергоинформационную
природу стоимости и закономерности ее функционирования (движения) в современной экономике, а
точнее – в финансах. Раскрыто свойства стоимости, которые, в свою очередь, дают более глубокое
понимание природы финансовых рисков и финансовых кризисов, источников увеличения стоимости
и экономического роста.
Description
Keywords
Theory of Value, Value, Energy, Energy-Information Concept of Value, Monetary Capital, ValueChain, Finance, теорія вартості, вартість, енергія, грошовий капітал, ланцюжки вартості, фінанси, теория стоимости, стоимость, энергия, денежный капитал, цепочки стоимости, финансы
Citation
Ryazanova N. Energy-information Concept of Value / Nadiya Ryazanova // Economic Annals-XXI. – 2019. – № 177. – P. 4–21.