Search results
Results From The WOW.Com Content Network
The economic value of a good or service has puzzled economists since the beginning of the discipline. First, economists tried to estimate the value of a good to an individual alone, and extend that definition to goods that can be exchanged. From this analysis came the concepts value in use and value in exchange.
Some perspectives contrast ethics and value theory, asserting that the normative concepts examined by ethics are distinct from the evaluative concepts examined by value theory. [21] Axiological ethics is a subfield of ethics examining the nature and role of values from a moral perspective, with particular interest in determining which ends are ...
(In the case where the number of properties is countably infinite, the extrinsic dimension of value, the exposition as well as the mere definition of a specific concept is taken into consideration.) Hartman quantifies this notion by the principle that each property of the thing is worth as much as each other property, depending on the level of ...
Value clarification consists of "helping people clarify what their lives are for and what is worth working for. It encourages students to define their own values and to understand others' values." [28] Cognitive moral education builds on the belief that students should learn to value things like democracy and justice as their moral reasoning ...
In performing this labor, these workers add value to the coffee beans and water that compose the material ingredients of a cup of coffee. The worker also transfers the value of constant capital—the value of the beans; some specific depreciated value of the roaster and the brewer; and the value of the cup—to the value of the final cup of coffee.
[1] Second, something could have universal value when all people have reason to believe it has value. Amartya Sen interprets the term in this way, pointing out that when Mahatma Gandhi argued that non-violence is a universal value, he was arguing that all people have reason to value non-violence, not that all people currently value non-violence ...
The concept of value, like the concept of prices, is often used in a rather "loose" sense – referring to a cost or expense, a compensation, a yield or return, or a valuation (of a product, an asset, a service, a lease etc.). The language of trade often does not make the social, legal and economic relations involved in trade very explicit.
A "must-have" value is a value you have acted on or thought about in the previous 24 hours (this value item would receive a score of 6 or 7 on the Schwartz scale). A "meaningful" value is something you have acted on or thought about recently, but not in the previous 24 hours (this value item would receive a score of 5 or less). [17]