The Subjective Theory of Value and Accounting "Cost"

Economica ◽  
1946 ◽  
Vol 13 (49) ◽  
pp. 32 ◽  
Author(s):  
G. F. Thirlby
Keyword(s):  
Subjective Theory ◽  
Theory Of Value

“But one kind” of Life

2016 ◽  
Vol 70 (4) ◽  
pp. 448-472
Author(s):  
Seth McKelvey
Keyword(s):  
Free Market ◽  
Best Interests ◽  
Market Exchange ◽  
Related Concept ◽  
Material Wealth ◽  
Subjective Theory ◽  
Diminishing Marginal Utility ◽  
Theory Of Value ◽  
Carl Menger ◽  
Definition Of

Seth McKelvey, “‘But one kind’ of Life: Thoreau’s Subjective Theory of Value in Walden” (pp. 448–472) Literary scholars generally take for granted Henry David Thoreau’s hostility to market exchange in Walden (1854). I argue, however, that Thoreau anticipates the subjective theory of value and the related concept of diminishing marginal utility, offering glimpses of ideas that would not be formalized in economics until after his death but that should nevertheless align him with a long lineage of free market thinkers. Thoreau does not reject the marketplace as a means to achieve his own best interests, but rather challenges his society’s definition of what those interests should be, attacking the misguided desire to accumulate excessive material wealth and the burdensome labor that attends such aspirations. I juxtapose the economics put forth in Walden with the work of Austrian free market economist Carl Menger in order to illustrate how Thoreau can so vehemently oppose the materialistic obsessions of capitalism while simultaneously remaining amenable to the principles of free exchange.

scholarly journals Is utility a measure of commodity value? On two different approaches to the subjective theory of value

2021 ◽  
Vol 17 (1) ◽  
pp. 27-30
Author(s):  
Katarzyna Appelt
Keyword(s):  
Subjective Theory ◽  
Vague Concept ◽  
Theory Of Value

This paper reviews two theories of utility. In Jevons’ theory, utility denotes an abstract quality of a commodity and value is derived from the knowledge of the utility of a commodity. Menger, however, argued that the concept of value cannot be associated with the fact that things are useful. Goods themselves are worthless unless a human assigns value to them. It is shown that utility as a measure of commodity value is a vague concept.

scholarly journals El concepto de cultura en la ensayística de Georg Simmel

2020 ◽  
Vol 23 (41) ◽  
pp. 153-175
Author(s):  
Francisco Manuel García Chicote
Keyword(s):  
Division Of Labor ◽  
Cultural Theory ◽  
Georg Simmel ◽  
Economic Context ◽  
Cultural Alienation ◽  
Subjective Theory ◽  
Theory Of Value

This article analyzes Georg Simmel’s concept of culture by reconstructing the genealogy of his theory within its historical, political, and economic context. It examines to what extent Simmel’s ideas on value and division of labor cement his conception of cultural alienation. Finally, it argues that Simmel’s cultural theory is significantly biased by a subjective theory of value, which entails apologetic traits.

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