Abstract

The author of the two books under review1 motivates his research with the thesis that "the central problem of economic science traditionally consists of the characteristics of commodity production". However, the perennial trend systematically reveals "that the foundation of such a theory is the answer to the question of the law of prices". The study of this law as an operational tool for the needs of practice would be "logically imperfect and practically limited" if it did not take place on the basis of its coupling with the theory of information"... "In all probability, the first to advance the idea that the value of commodities has an informational nature was the Bulgarian scientist I. Nikolov. Without touching here the logical correctness of his theoretical constructions, I will only note that informational value has not been studied as a law of prices and in this connection it does not constitute an operational concept" (p.4). In the cited work K. Waltuch was able to create a methodology and verify it on the basis of a huge amount of statistical data.