Theories of Value: Difference between revisions
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*This is a debated issue in economics, and this page goes over the various proposed theories | *This is a debated issue in economics, and this page goes over the various proposed theories | ||
* '''Actual Economist Help/Review Would Be Appreciated, If Reading This''' | * '''Actual Economist Help/Review Would Be Appreciated, If Reading This''' | ||
=List= | |||
==Intrinsic theory of value== | |||
*Essentially what it takes to make something / the utility it provides once created | |||
*Kind of calculated in [[LCAs]] | |||
*Doesn't entirely potray reality, but it's a "good place to start" | |||
=Internal Links= | =Internal Links= | ||
Revision as of 21:09, 19 March 2021
Basics
- In order to calculate pay, price, and many other things in a system, there needs to be some sort of way to determine the objective "value" of something
- This is a debated issue in economics, and this page goes over the various proposed theories
- Actual Economist Help/Review Would Be Appreciated, If Reading This
List
Intrinsic theory of value
- Essentially what it takes to make something / the utility it provides once created
- Kind of calculated in LCAs
- Doesn't entirely potray reality, but it's a "good place to start"