Examining value from a socio-cultural perspective
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| Title | Examining value from a socio-cultural perspective |
|---|---|
| Author(s) | Md. Mahfuzar Rahman |
| Format | Essay |
| Anticipated length | 2500-3000 words |
| Synopsis | This essay examines value from a socio-cultural perspective, deriving insights from existing value literature in anthropology, social science, development studies, and critical literature on global value chains. Highlighting the social connection of value and value heterogeneity, it problematizes the market economy's narrow, individualistic and disembedded value perspective. The money-centric valuation system builds on neo-classical economic principles, pays attention only to the capitalist economic relations and their economic value and is insensitive to non-economic relations and value. The existing valuation system built on this narrow understanding is partial and misleading; it failed to capture the real value of a thing. This essay argues for a critical value perspective that is inclusive, sensitive to value heterogeneity, attentive to all types of economic and social relations that produce value, and critical to the impact of (dis)recognition of value on human wellbeing. |
