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Intangible Flow Theory

Tiago Cardão-Pito

MPRA Paper from University Library of Munich, Germany

Abstract: The intangible flow theory explains that flows of economic material elements (such as physical goods; or cash) are consummated by human related intangible flows (such as work flows; service flows; information flows; or communicational flows) that cannot be precisely appraised at an actual or approximate value, and have properties precluding them from being classified as assets or capitals. Therefore, although mathematical/quantitative research methodologies are very relevant for science, they are insufficient to study economy and society. Due to its prejudice against non mathematical/quantitative scientific reasoning, neo-classic economics could not be technologically prepared to reach the intangible flow dynamics of economic phenomena. Furthermore, the neo-classic solution to call people human assets or human capital, besides being ethically very questionable, offers performative non-scientific metaphors that intervene in the production of the reality they claim to represent; and sabotages the study of well delimited research questions by scientific approaches outside the realm of neo-classic economics.

Keywords: intangible flow; materiality; intangibility; human capital; embeddedness and performativity. (search for similar items in EconPapers)
JEL-codes: A12 A14 B4 (search for similar items in EconPapers)
Date: 2004-09-12, Revised 2010-10-25
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Journal Article: Intangible Flow Theory (2012) Downloads
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