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In this paper an attempt is made to accommodate the quality of „originality content‟ in our economic analysis and tries to find out whether any role is played by the disappearance of this originality and non transmutable element in the emergence of the economic instability in the free market economy. For this purpose, the value of goods or an asset, against the contemporary belief on value, is classified into natural value (original value) and unnatural value (artificialvalue). This classification is based on the assumption that contribution to value of product made by factors are dependents on rate / amount of „net addition to real value „in the visible and enjoyable form‟ and not estimated in terms of „monetary value. Such values do not defame the original value accumulated by real addition of value. The unnatural value is artificial value accumulated on the product without corresponding additions of value in real terms. The purpose of this chapter is to describe the way by which this „unnatural value‟ is generated and accumulated. In its original form, it is grown in financial market and then penetrates into nonfinancial market. In this chapter, an attempt is made to prove that unnatural value is temporary and transient with no foundation in the market and disappears soon after the growthof GDP. In this apper r a humble attempt is made to show that such growth in natural value can never exceed the unnatural value created by illusion and anticipation. But such disappearance cannot stop as long as financial market is growing on the basis of speculation, uncertainty and illusion on the value of asset. In this chapter it is aimed to prove that such artificial value is dependent on the extent of unnatural value element developed in the component of value in the financial market, which is rare to occur. This chapter also tries to elucidate that market instability which took place in the history of Europe, Germany, Italy and France, originated from the accumulation of „unnatural value‟ over the „natural value‟ and it is transferred from financial market to commodity market. Moreover, this chapter also tries to see the process of the evolution of the concept of natural value from the “physiocratic” period onwards. For this purpose, the value of gross product generated by a nation, in a given time, is classified into – (a) Natural Value and (b) Spurious Value. This classification is based on the assumption that the real addition of value to GDP are derives either from technological innovation or from the contribution given by labor or by both, and these become the dominant factors which bring in the growth of natural and elimination of spurious value. This chapter is aimed to show that the spurious value is dangerous and must be destroyed at its birth itself. The spurious value is related to the price and is generated from rise in the price without equable growth in the gross produce or growth in the value of product purchased. This value is also generated when the price at which commodity sold in the market covers price of spurious value, in addition to natural value. Such rise in the price does not correspond or do not have any relation with growth in natural value. The value, has been classified into „market value‟ and „natural value‟ to explain the process of accumulation of such artificial value on „natural value‟. This chapter also attempts to search out the inherent process evolved in the market, which leads to an inevitable divergence of these two values market value and natural value in the free market economy and disturb natural equilibrium of the economy. It is also a search for alternative strategies to bring these conflicting values together. In the transition stages of economy it is identified that the growth of unnatural market (share market, and stock market) in the free market economy can releases large volume of spurious value into the economy. This is more so in the financial market than commodity market. This chapter also recommends strategy to follow for preventing this unnatural value. It is also aimed to see that spurious value generated in financial market, following mounting speculation and uncertainty, can penetrate into Non-financial market, creating fluctuations. I. Meaning of Natural Values The term  ̳value of nature‘ must not be confused with  ̳natural value‘. Value of nature (environmental value) means a state of environment having no side effect on Living and Non living organisms by pollution. The ̳natural value‘ is quite different from that. It is not associated, in any way, with environment and side effect of pollution. The natural value is obtained from  ̳by birth‘ and not artificial in character which is inherited by an asset or goods and it is not associated anyway with Mother Nature, or environmental value. We need to understand, the meaning of these terms shortly before analyzing relation with value. The environmental or Evalue is the value acquired by environment from its non-polluted or pollution Free State. It is the value gathered by Mother Nature from its original equilibrium. The word  ̳Natural‘, as we see, signifies original and inartificial, with normal relaxed, unbleached, unadulterated and mutable quality with no restriction or regulation. In such Transformation of Natural Value in to Spurious Value; Emerging Issue In Value Theory www.iosrjournals.org 42 | Page quality, there will be the substances that is condensed and embodied in product which carries with definite path of movement with clear destination and reveal frankness in the thought .This isvalued as permanent, non depreciable and illegitimate quality that perpetually points to demerits of unnatural element containned. All good things, which exist, are the fruits of originality‘. (J.S Mill). A society made up of individuals who are well capable of original thought would probably be unendurable (H. L Mencken) as truth. However, the application of this originality content (Natural) in the economic theory of crisis is similar to the application of truth in our life as Gandhi did in his experiments of truth. Such enquiry is very vital to find the original source of deviation of economic equilibrium established by originality content at its origin and which was interpreted wrongly. Wicks and Fridrich von Wiser who had developed  ̳Natural value‘ concept, which was based on subjective estimation of value, were responsible for development of treacherous attitude to society and behaved sanctimoniously. Such deviation from originality in our economy is similar to disappearance of our truthful behavior which can produce adverse effect to some extent and which leads to economic crisis. This has to be analyzed before seeking the source of economic crisis. The relation between originality concept and market price cannot be neglected while analyzing the strength of Natural Value of the economy — opposite of fictitious value. Such natural substances in the Market are depend on the difference between the original price at which exchange should take place (natural value) in the market and the prices at which good are actually sold (market price) in the market, as per direction given by market force. If transaction is completed at price equal to original value, it is the indication of normal function of economy where there is no excess demand or short demand or excess supply or short supply. If Price is pushed up by excess demand factors, the prices of such commodity will neither be equal to value nor be original, but spurious. The speculation and demand and supply force cannot push up the original value. We can impose artificial value on natural and unchangeable value and it is done by subjective imputation over which market has dominant role .Such imputation is based on subjective estimation and speculation which have no place in the value in real world. But certain thinkers — Marshal and Stanly Jevons and Wick sell — have misguided us by including illusion‘ in the value concept and thereby leads economics into a dismal science. What is original or non fictitious value? In real world, the original value as put forth by labour, as said by Karl Max, never reflect in market as long as speculation and illusion decides market value overriding original value. The value, which is determined by the strength of combination of original element contained in the goods or in the asset and, the value, which do not increase, merely by speculation of investors, illusion and uncertainty element of future course of action is the summary of‘ Natural Value‘. The Natural value is the ori ginal value that cannot enhance artificially merely by the immaterial force of demand and supply working in free market economy or by speculation or hoarding. The value that grows with corresponding growth in GDP is natural value. Friedic von Wieser (1851-1926) of Austrian School of Economics is the noted thinker to draw the importance of Natural Value in the economic analysis of value for the first time and went a little ahead of contemporary economists in the estimation of value based on the social value, which, no other Marginal economist had thought of. We must salute him. Weser‘s value theory asserts that any value theory should be based on natural value (naturliche Wert) and value is natural phenomenon, and should be independent of economic system. His idea of natural value upholds that the value of property/asset in its natural form in market economy is a dream and is determined, outside the original value of the product or asset, by illusion and speculation which is dependent on the distribution of income between different classes. The social value — which is dependent on natural value — can never be expected to rise, but diminishes and continues to diminish according to growth of uncertainty element in the economy which depends on the extent of equal distribution of income. His theory, in one sense, is a great contribution to economics in shedding light

Transformation of Natural Value in to Spurious Value; Emerging Issue in Value Theory