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Since the subjective value holds that buyers use their own value judgements, the same goes for sellers, and thus the mechanism of production. Austrian economist Ludwig von Mises believes that production costs are determined by a seller's evaluations of their opportunity costs , or the sellers "marginal utility lost of having fewer of that good ...
A value judgment (or normative judgement) is a judgment of the rightness or wrongness of something or someone, or of the usefulness of something or someone, based on a comparison or other relativity. As a generalization, a value judgment can refer to a judgment based upon a particular set of values or on a particular value system. A related ...
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 ...
The market value of a machine part, for example, will depend upon a variety of objective facts involving its efficiency versus the efficiency of other types of part or other types of machine to make the kind of products that consumers will value in turn. In such a case, market value has both objective and subjective components.
According to expectancy–value theory, students' achievement and achievement related choices are most proximally determined by two factors: [1] expectancies for success, and subjective task values. Expectancies refer to how confident an individual is in his or her ability to succeed in a task whereas task values refer to how important, useful ...
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." [23] Cognitive moral education builds on the belief that students should learn to value things like democracy and justice as their moral reasoning ...
The Collapse of the Fact/Value Dichotomy and Other Essays. Harvard University Press. ISBN 978-0674009059. Silvestri P. (ed.), L. Einaudi, On Abstract and Historical Hypotheses and on Value judgments in Economic Sciences, Critical edition with an Introduction and Afterword by Paolo Silvestri, Routledge, London & New York, 2017.
In the minimal sense of realism, R. M. Hare could be considered a realist in his later works, as he is committed to the objectivity of value judgments, even though he denies that moral statements express propositions with truth-values per se. Moral constructivists like John Rawls and Christine Korsgaard [20] may also be realists in this ...