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the utility theory of value

См. также в других словарях:

  • Utility theory of value — The utility theory of value holds that products and services are worthless unless they are delivered at the time (temporal utility), place (geospatial utility), and in the format (form utility) required or desired by the consumer, at a price… …   Wikipedia

  • Criticisms of the labour theory of value — often arise from an economic criticism of Marxism. Contents 1 Microeconomic theory 2 Supply and demand 3 Jevons 4 Menger s critique …   Wikipedia

  • Theory of value (economics) — Theory of value is a generic term which encompasses all the theories within economics that attempt to explain the exchange value or price of goods and services. Key question in economic theory include why goods and services are priced as they are …   Wikipedia

  • Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… …   Wikipedia

  • 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

  • labour theory of value — The idea that labour is the ultimate source of all wealth a commonplace among the early political economists . Adam Smith , for example, argued that, in a market society in which workers owned their own means of production, the prices of goods… …   Dictionary of sociology

  • utility theory — A class of theory concerned with the behaviours, strategies, and mental processes adopted by individuals faced with making a risky choice or decision. Utility is usually taken as the subjective value to the individual of a particular outcome or… …   Big dictionary of business and management

  • Cost-of-production theory of value — In economics, the cost of production theory of value is the theory that the price of an object or condition is determined by the sum of the cost of the resources that went into making it. The cost can compose any of the factors of production… …   Wikipedia

  • The Nature of Rationality — is an exploration of practical rationality written by Robert Nozick and published in 1993. It views human rationality as an evolutionary adaptation. Its delimited purpose and function may be responsible for biases and blind spots, possibly… …   Wikipedia

  • Value and Capital — is a book by the British economist John Richard Hicks, published in 1939. It is considered a classic exposition of microeconomic theory. A central result in consumer demand theory that the book builds on is that goods have value even with only… …   Wikipedia

  • The Theory of Moral Sentiments — was written by Adam Smith in 1759. It provided the ethical, philosophical, psychological and methodological underpinnings to Smith s later works, including The Wealth of Nations (1776), A Treatise on Public Opulence (1764) (first published in… …   Wikipedia

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