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subjective preference

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  • Subjective theory of value — The subjective theory of value (or theory of subjective value ) is an economic theory of value that holds that to possess value an object must be both useful and scarce, [Moser, John. The Origins of the Austrian School of Economics, Humane… …   Wikipedia

  • Time preference — In economics, time preference (or discounting ) pertains to how large a premium a consumer will place on enjoyment nearer in time over more remote enjoyment.There is no absolute distinction that separates high and low time preference, only… …   Wikipedia

  • Law of value — The law of value is a concept in Karl Marx s critique of political economy. Most generally, it refers to a regulative principle of the economic exchange of the products of human work: the relative exchange values of those products in trade,… …   Wikipedia

  • art criticism — Description, interpretation, and evaluation of works of art, manifested in journal reviews, books, and patronage. Art criticism encompasses a wide variety of approaches, from critical commentary to more subjective emotional reactions inspired by… …   Universalium

  • Max Horkheimer — (front left), Theodor Adorno (front right), and Jürgen Habermas (in the background, right), in 1965 at Heidelberg. Full name Max Horkheimer Born February 14, 1895 …   Wikipedia

  • The Examined Life — is a collection of philosophical meditations written by Robert Nozick and published in 1989.Having pursued philosophy in an argumentative mode in Anarchy, State, and Utopia , and in an explanatory mode in Philosophical Explanations , his mode in… …   Wikipedia

  • Double counting (accounting) — Double counting in accounting is an error whereby a transaction is counted more than once, for whatever reason. But in social accounting it also refers to a conceptual problem in social accounting practice, when the attempt is made to estimate… …   Wikipedia

  • Sneeze — A sneeze (or sternutation) is a semi autonomous, convulsive expulsion of air from the lungs, most commonly caused by foreign particles irritating the nasal mucosa. Sneezing can further be triggered through sudden exposure to bright light, a… …   Wikipedia

  • Open market — The term open market is used generally to refer to a situation close to free trade and in a more specific technical sense to interbank trade in securities. Use of the term in economic theory In a general sense used in economics and political… …   Wikipedia

  • D.A.R.Y.L. — D.A.R.Y.L. Theatrical release poster Directed by Simon Wincer Produced by John Heyman …   Wikipedia

  • John Ramsay McCulloch — John Ramsey McCulloch (1 March 1789 11 November 1864) was widely regarded as the leader of the Ricardian school of economists after the death of David Ricardo in 1823, was appointed the first professor of political economy at University College… …   Wikipedia

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