A Theory of Value Growth

Zhuo Wang

Papers from arXiv.org

Abstract: Classical growth theory places physical productivity at the center of economic growth. In modern service-based economies, however, growth increasingly means creating higher-valued products rather than increasing output quantities. This paper develops a theory of value growth based on a socially and institutionally sustained value scale. The framework unifies value creation, finance, and distribution and offers an account of major patterns in US economic history. The proposed framework is intended as a new approach to macroeconomic analysis and policy making.

Date: 2026-10
References: Add references at CitEc
Citations:

Downloads: (external link)
https://arxiv.org/pdf/2610.08302 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2610.08302

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().