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On Value and Valuation

John Frow

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Hardback

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English
Routledge
14 November 2025
On Value and Valuation asks whether the category of economic value remains theoretically viable, how value is formed, and how it should be understood. It explores the interlinkages between economic value and social and cultural values.

On the one hand, the book draws on anthropological and sociological accounts of the evaluative frameworks within which things take on their social meanings; on the other, it explores and critiques the Marxist account of the formation of value in capitalist production. Its aim is to reconcile these two conceptions, and it does so by arguing that economic value is not a property of goods and services but is formed in specific institutions of valuation. It analyses new sources of value generated in markets in derivatives, in carbon credits and ecosystem services, in expert systems, and in new digital entities and seeks to deepen our understanding of value as a force driven by a web of social relations of accumulation that channel power and coercion.

This book will be of interest to students of heterodox economics and Marxist theory, as well as to those with a wider concern with questions of social and economic value.
By:  
Imprint:   Routledge
Country of Publication:   United Kingdom
Dimensions:   Height: 234mm,  Width: 156mm, 
Weight:   510g
ISBN:   9781041070573
ISBN 10:   1041070578
Series:   Routledge Frontiers of Political Economy
Pages:   180
Publication Date:  
Audience:   College/higher education ,  Primary
Format:   Hardback
Publisher's Status:   Active
Preface. Acknowledgements. Introduction 1. Attachment and Valuation 2. Marxist Value Theory 3. Knowledge and Value 4. Marketing Nature 5. The Platform Economy. Conclusion. Bibliography. Index.

John Frow is Emeritus Professor of English at the University of Sydney and the author of numerous books and articles, including Marxism and Literary History (1986), Cultural Studies and Cultural Value (1995), Time and Commodity Culture (1997), Genre (2006/2015), Character and Person (2014), and On Interpretive Conflict (2019).

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