A UTILITY APPROACH TO ASSESSING THE COMPETITIVENESS OF SOCIO-ECONOMIC SYSTEMS
Keywords:socio-economic system, competitiveness, efficiency, value, utility, consumer value, labor economy, labor theory of value, labor theory of consumer value, free time of society, fading competition
The paper considers the shortcomings of traditional approaches to the assessment of efficiency and competitiveness of socio-economic systems. It shows that the focus of these systems on cost-based, typically cost-effective performance indicators served as the main reason for the aggravation of global contradictions in the development of civilization, which threatens its further existence. The paper reveals the basic provisions of the utility (consumer-value) concept of economic theory, the use of which in assessing the effectiveness and competitiveness of socio-economic systems can bring humanity to a truly crisis-free, conflict-free development path.
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