A New Approach to the Relationship between Value and Wealth
Wang Jinqing
Abstract
Wang Jinqing
Abstract
Value and wealth are two categories that are not only connected but also different from each other, and are often mixed up by many people. Value is a historical category, reflecting the relationship between commodity producers; while wealth is a mutual category of human society, and in modern society, its nature and form have changed. There even emerges virtual wealth. This article attempts to explore the relationship between value creation and wealth production.
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Value and wealth are two categories that are not only connected but also different from each other, and are often mixed up by many people. Value is a historical category, reflecting the relationship between commodity producers; while wealth is a mutual category of human society, and in modern society, its nature and form have changed. There even emerges virtual wealth. This article attempts to explore the relationship between value creation and wealth production.
Key concepts: Value (mathematics), Commodity, Value creation, Production (economics), National wealth, Economics, Sociology, Positive economics