Theory of value
Encyclopedia
Theory of value is an ambiguous term, and may mean:
- Theory of value (economics)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...
, where value is meant as economic worth of goods and services. - Value theoryValue theoryValue theory encompasses a range of approaches to understanding how, why and to what degree people should value things; whether the thing is a person, idea, object, or anything else. This investigation began in ancient philosophy, where it is called axiology or ethics. Early philosophical...
, where value is meant in the philosophical sense.