What should we call this new subject?
What are the goals of this subject?"Economics of value and utility" is the study of The determination of prices in an economy in regards to its usefulness for the consumers. understand how the capitalist economy works and why people trade goods is some of the cause to investigate "Economics of value and utility". Several topics in "Economics of value and utility" include Labour value theory, Consumers’ surplus, Utility measurement. A few notable experts of "Economics of value and utility" include Adam Smith, David Ricardo, Karl Marx.
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