Dmitry Egorov, Yulia Michaylova, Yuriy Dyatlov, Oksana Makarkina, Natalia Kolesnikova


Value is a standard of the cost, a certain common quality, which makes it possible to compare costs of quite different things. This construct probably cannot be operationalized generically, but in the development of theory operationalization is not imperative. Although neoclassical economics rejects this category ultimately, it is possible to demonstrate that this approach can be well adjusted to it. The issue of value is not merely a theoretical one. The purpose of the work is to show that if a feedback through the market must have an objective basis as an initial standard, that is money must have a benchmark, then the correct choice of a monetary benchmark can result in significant positive macro-economic consequences. Methods of research: scientific and philosophical analysis of texts and theoretical development. Conclusions: The idea that the feedback through the market must have an objective basis as an initial standard - that is money must have a benchmark – is not contradictory theoretically and its realization is desirable in practice. An energy monetary benchmark is probably preferable for a modern economy. The energy monetary benchmark can stabilize currency circulation potentially, optimize the price vector and simplify the valuation of mineral resources.


economics; energy monetary benchmark; value

Full Text:



Blaug, M. (1985). Economic Theory in a Retrospective. Cambridge: Cambridge University Press.

Coase, R. (1937). The nature of the firm. Economica, 5, 386–405.

Egorov, D., Dyatlov, Yu., Bogdanov, М., Shushpanov, E., & Egorova, A. (2018). Стоимость: эмпирия и теория. Society. Integration. Education. Proceedings of the International Scientific Conference. May 25th -26th, Rezekne, 6, 165-175. DOI:

Eichner, A.S. (1991). The Macrodynamics of Advanced Market Economics. New York: Armonk.

Hayek, F. (1948). Individualism and Economic order. London: Routledge & Kegan Paul.

Hayek, F. (1988). The Fatal Conceit: The Errors of Socialism. Chicago: The University of Chicago Press.

Lange, O. (1942). The foundation of welfere economics. Econometrica, 10 (3/4), 215–228.

Lange, O., & Taylor, F. (1938). On the economic theory of socialism. Minneapolis.

Podolinnski, S. (1880). Le travail humain et la conservation de l'energie. Revue intemationale des sciences biologiques, 5, 57-80.

Soros, G. (2003). The Alchemy of Finance. New York: Wiley.

Sraffa, P. (1963). Production of Commodities by Means of Commodities: Prelude to a critique of economic theory. Bombay: Vora & Co.

Егоров, Д.Г. (2008). О возможности синтеза классической и неоклассической теорий: трактовка категории «стоимость». Мировая экономика и международные отношения, 3, 24-31. Доступно:

Егоров, Д.Г. (2013). О теоретической альтернативе экономическому мейнстриму. Мировая экономика и международные отношения, 7, 70-78. Доступно:

Егоров, Д.Г. (2016) Неоклассика vs классика: есть ли в экономической теории третий путь? Мировая экономика и международные отношения, 6, 35-41. DOI: 10.20542/0131-2227-2016-60-6-35-41.

Клименко, В.В. (1994). Влияние климатических и географических условий на уровень потребления энергии. Доклады РАН, 339 (3), 319–322.

Кузнецов, П., Сухой, И, & Сысоев, И. (2003) Энерговалюта вместо доллара? Экономическая газета, 009.

Поппер, К. (2009). Открытое общество и его враги. Москва: Культурная инициатива.



  • There are currently no refbacks.