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  1. 5. Feb. 2008 · The term “value theory” is used in at least three different ways in philosophy. In its broadest sense, “value theory” is a catch-all label used to encompass all branches of moral philosophy, social and political philosophy, aesthetics, and sometimes feminist philosophy and the philosophy of religion — whatever areas of ...

  2. en.wikipedia.org › wiki › Value_theoryValue theory - Wikipedia

    In ethics and the social sciences, value theory involves various approaches that examine how, why, and to what degree humans value things and whether the object or subject of valuing is a person, idea, object, or anything else. Within philosophy, it is also known as ethics or axiology.

  3. 7. Apr. 2015 · This introduction characterizes and positions value theory, or axiology, as a philosophical discipline. It identifies its central issues and explains how value theory overlaps partly with other areas of moral philosophy, such as metaethics and normative etics, and how it relates other areas of philosophy. The introduction also ...

  4. 7. Apr. 2015 · This Handbook focuses on value theory as it pertains to ethics, broadly construed, and its purpose is to provide a comprehensive and state-of-the-art overview of the debate. The Handbook is divided into three main parts. The chapters in Part I (“Foundations”) concern fundamental and interrelated issues about the nature of value ...

  5. At the center of most economic paradigms is a Theory of Value. The classical political economists found value to be determined in production; since most of the cost of production could be reduced to labor, this approach was refined into the Labor Theory of Value.

  6. Instead, he proposed a cost-of-production theory of value (to later develop into exchange value theory) that explained value was determined by several different factors, including wages and rents. This theory of value, according to Smith, best explained the natural prices in the market.

  7. Adam Smith’s theory of the market mechanism (Ch. 7, Book 1, Wealth of Nations, 1776), as we shall argue in this paper, offers the right conceptual framework for understanding competitive price...