Introduction: The value-creating factors

Abstract

It is enough to look at the contents of economic courses, to become easily convinced, that the common thing for all of them is ‘a substance’ of value. It is convenient to use the name – economic dynamics (econodynamics) – for the discipline. It investigates the processes of emergence, motion and disappearing of value, just as hydrodynamics investigates processes of motion of liquids, electrodynamics – those of changing electric and magnetic fields, thermodynamics – processes connected with the motion and conversion of heat.. In this chapter, the concept of value is reviewed and the role of basic production equipment, as a set of sophisticated devices, which allow human beings to attract energy from natural sources for the production of useful things, is discussed.