- published: 03 Nov 2015
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Value theory encompasses a range of approaches to understanding how, why, and to what degree persons value things; whether the object of valuing is a person, idea, object, or anything else. This investigation began in ancient philosophy, where it is called axiology or ethics. Early philosophical investigations sought to understand good and evil and the concept of "the good". Today, much of value theory aspires to the scientifically empirical, recording what people do value and attempting to understand why they value it in the context of psychology, sociology, and economics.
At the general level, there is a difference between moral and natural goods. Moral goods are those that have to do with the conduct of persons, usually leading to praise or blame. Natural goods, on the other hand, have to do with objects, not persons. For example, the statement "Mary is a good person" represents a very different sense of the word 'good' than the statement "That was some good food".
Ethics is mainly focused on moral goods rather than natural goods, while economics has a concern in what is economically good for the society but not an individual person and is also interested in natural goods. However, both moral and natural goods are equally relevant to goodness and value theory, which is more general in scope.
Value theory within economics represents all theories that try to define what economic value is, where it comes from, why goods and services are priced the way they are and how to calculate some form of objective price, if such a thing exists. In this video we will be looking at the two major paradigms to the theory of economic value, the standard extrinsic paradigm based around the idea of utility and the alternative nonlinear paradigm of intrinsic value For full courses, transcriptions & downloads please see: http://complexityacademy.io Twitter: https://twitter.com/complexityacad Facebook: https://goo.gl/ggxGMT G+: https://goo.gl/G6zTMg
This mini-lecture examines Value Theory and the pursuit of the Good.
Value theory Intro to Philosophy with Joe White Review for the final exam. This material is the last part of the class. -Phil Tutes
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I discuss the expectancy-value theory and briefly discuss its implications for teaching as they relate to the MUSIC Model of Academic Motivation. This is very similar to a video on Expectancy-Value Theory that I posted last year, but the audio quality is better in this version and I made a few other minor edits throughout to clean it up.
Extreme value theory (EVT) aims to remedy a deficiency with value at risk (i.e., it gives no information about losses that breach the VaR) and glaring weakness of delta normal value at risk (VaR): the dreaded-fat tails. The key is idea is that the tail has it's own "child" distribution.
Only one school of economic thought came close to getting the relationship between energy and economics right: the Physiocrats. I give a basic outline of thermodynamics, then explain why any theory of production which doesn't acknowledge the fundamental role of energy in creating economic value is wrong--including the "Marxian" labor theory of value. I then introduce Marx's dialectical philosophy, which I cover in more detail in the next lecture
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Read your free e-book: http://copydl.space/mebk/50/en/B00MKA13QS/book The book fills a vacuum in theory and method. Motivational work is an approach designed to help people who are considered to be unmotivated and hopeless. Most personnel contacts are based on the client/patient being motivated to some degree, i.e. that he or she wants to cooperate constructively and accept help. When you expect constructive cooperation from clients/patients, you only reach the group that is relatively functional. This leads to the motivation paradox: the clients/patients who have the greatest need of support receive the least. Motivational work tries to resolve this paradox, so that those who are most in need actually receive help.part one of Motivational Work deals with the attitudes and approaches that ...
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Read your free e-book: http://hotaudiobook.com/mebk/50/en/B00C7TBA4W/book This book presents a comprehensive account of more than 200 years of controversy on the classical theories of value and distribution. The author focuses on four, perhaps most critical, classics, viz., Adam Smiths Wealth of Nations, David Ricardos Principles of Political Economy, Karl Marxs Capital and Piero Sraffas Production of Commodities by Means of Commodities. The book highlights several significant differences in the theories of the four authors as it searches for the classical standpoint that separates them from the moderns. It throws fresh light on some old questions while introducing new, controversial interpretations in the literature surrounding it. It is unique in its organisation as it first presents the...
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B0094GB5FA/book This new volume explores two alternative economic theories the classical theory and the marginalist or neoclassical theorythrough a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson.the key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a classical approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani...
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Read your free e-book: http://hotaudiobook.com/mebk/50/en/B00B7SMQLA/book Theory Essentials, 2/e offers a unique, total solution to teaching music theory. Integrating all the components of the two-year music theory sequence, the text and its accompanying workbook synthesize the major topics in music theory with aural skills, keyboard applications, and examples from the literature. Offering terrific value, Theory Essentials replaces the need for the four separate texts traditionally required for the music theory sequence (theory, ear training/sight singing, keyboard harmony, and an anthology). The result is a remarkable, carefully-paced synthesis of these components that moves from a solid grounding in Fundamentals, Diatonic Harmony, Secondary Function chords, and Twentieth-century Techniqu...
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B005AUV298/book The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple markets and economic agents to theories of production. Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange eco...
RSS Annual Conference. 7 – 10 September 2015, Exeter University Jonathan Tawn Lancaster University, Professor of Statistics
In this video we will learn what determines the value of a good, as we develop the underlying principles of the all important supply and demand model.
Bruce Greenwald's presentation from the Welcome Event for the 12th International Post Keynesian Conference. More details available at pkconference.com. Recorded Wednesday September 24, 2014.
VaR is calculated , and EVT introduced, and reconciled with different topics. Some relevant questions were answered like basis for time average and applicability etc. A quick begner's guide to understand excel computations of VaR. The file can be found with me on request, or at https://instaedu.com/Finance-questions/I-would-be-happy-if-you-could-submit-here--EX429/| Thanks to a wonderful student, who inspired the video with his keen inquisition and manual trial. Without his try I would not try to drive Var by a long edit. Thanks for watching this video patiently. Like it, give me a thumbs up! Thanks hans in advamce for bearing with it's length. COPYRIGHT ASSERTION: You May Not Distribute this video by any means, software etc. Without giving due credits to the Author Subhrodip Sengupta © ...
Join me as I moderate a formal debate between Victor Pross, Anarchist/Artist and Michael Shanklin versus Jake Tompkins from Red and Black Revolutionary and his guest. Which is more accurate: the Labor Theory of Value or the Subjective Theory of Value? Questions from the audience will be taken at the end. The Voluntary Virtues Network is a voluntaryist network, and is comprised of hundreds of different individuals. Their voices are their voices, not the networks. VVN is simply a platform for voluntaryists to advance the message of freedom. Thank you for watching the Voluntary Virtues Network: http://VoluntaryVirtuesNetwork.com Sponsored by: The Dollar Vigilante: https://www.facebook.com/DollarVigilante & Static Media Hub: http://staticmediahub.com/ Voluntary Virtues Network YouTube Chan...
The labor theory of value (LTV) is a heterodox economic theory of value that argues that the economic value of a good or service is determined by the total amount of labor required to produce it. At present this concept is usually associated with Marxian economics, although it is also used in the theories of earlier classical economists such as Adam Smith and David Ricardo and later also in anarchist economics. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Follow Through
and Follow through
And What you Gonna do with your life?
Follow Through
And Follow through
And What you Gonna do with your life?
Follow Through
and pass high school
Nothing's ever new in your life
Follow Through
and pass high school
And What you Gonna do with your life?
Follow Through
and pass high school