Introduction: Concept of Value and Production Factors

  • Vladimir N. Pokrovskii
Part of the New Economic Windows book series (NEW)


It is enough to look at the contents of economic courses to become easily convinced that the common thing for all of them is ‘a substance’ of value. It is convenient to use the name economic dynamics (econodynamics) for the discipline. It investigates the processes of emergence, motion and disappearance of value, just as hydrodynamics investigates processes of motion of liquids; electrodynamics, those of changing electric and magnetic fields; thermodynamics, processes connected with the motion and conversion of heat. In this chapter, the concept of value is reviewed, and the role of basic production equipment, as a set of sophisticated devices which allow human beings to attract energy from natural sources for the production of useful things, is discussed.


Central Bank Capital Stock Production Factor Primary Energy Commercial Bank 
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Copyright information

© Springer Science+Business Media B.V. 2012

Authors and Affiliations

  1. 1.Institute of Chemical PhysicsRussian Academy of SciencesMoscowRussia

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