Worth as an Economic Estimation
Worth as an Economic Estimation

Summary/Abstract: The study analyzes some methodological issues of worth as a fundamental concept of economic theory. The author’s main idea is that worth, besides having sub-stantial nature, is an economic estimation, which economic units (participants in eco-nomic life, economic agents) give to the ability of goods to ensure people’s and society’s existence and reproduction. A methodological basis is created for operationalizing the worth economic estimation, as it is viewed as equivalent to the assessment of the eco-nomic activity carried out by economic units in the creation of economic stocks (availabi-lities) (incl. factors and products), the assimilation of which meets the needs. The author maintains his view of worth as an essential unity of value and utility. He uses the ingre-dient approach proposed by him resulting in the creation of a network of a large number of worth formations (forms), based on several initial couples of concepts such as: value and utility, accepted and given worth, producer’s and consumer’s worth, production factor worth (labour and physical) and product worth, economic potentiality and econo-mic kyneticality, producer’s abilities and producer’s needs, etc. Not only does the study enrich economic thought but it can also serve as a source for precision of many econo-mic issues adopted in the teaching of general economic theory.

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