Generative Relational Economics, Volume V: Allocation, Value, Spacetime, Power, and Epistemic Economy

This volume develops several central substantive theories of Generative Relational Economics. It begins by reconceptualizing allocation as intervention into relational structures rather than merely as the transfer of independently defined resources among independently defined recipients. Allocations can alter capacities, dependencies, memberships, infrastructures, institutional positions, future options, and subsequent patterns of generation. The analysis then develops a theory of heterogeneous and generative value. Material, capability, relational, epistemic, institutional, future-oriented, and other forms of value may coexist and interact without being reducible to a single metric. Particular attention is therefore given to value generation, conversion, propagation, recirculation, accumulation, concentration, dissipation, extraction, negative value, valuation, and incommensurability. A generative-spacetime framework is subsequently introduced to analyze trajectories, events, relational distance, heterogeneous presents, sequence, delayed generation, path dependence, spatial propagation, multiscale processes, and historical transformation. These structures support an account of power, justice, and governance grounded in unequal relational positions, access, conversion capacities, temporal control, dependency, participation, capture, and influence over future possibility. The volume concludes by extending this analysis to the epistemic economy. Knowledge, attention, expertise, trust, curiosity, judgment, research orientation, and epistemic infrastructure are examined as economically consequential relational structures, particularly under conditions of expanding symbolic and computational abundance.