Under Review

The Evolutionary Theory Of Value

Economics evolution market biology

Cite as:

Eugene Panferov (2018). The Evolutionary Theory Of Value. RESEARCHERS.ONE, https://www.researchers.one/article/2018-09-3.

Abstract:

We propose the first economical theory of value that actually works. We explain evolutionary causes of trade, and demonstrate how goods have value from the evolutionary perspective, and how this value is increased with trade. This "Darwinian" value of goods exists before humans assign monetary value (or any other value estimate) to traded goods. We propose objective value estimate expressed in energy units.