Intrinsic theory of value
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In
costs involved in that process, as a measure of the item's intrinsic value. Paradigmatically, money is supposed to be good, but not intrinsically good: it is supposed to be good because it leads to other good things, such as buying better teaching equipments at a local primary school.[1]
The explanation aims to differentiate the original meaning of intrinsic value from the actual physical benefit it has.
The
physiocrats
based their theory of value in the land.
See also
References
- ^ Schroeder, Mark (2016), "Value Theory", in Zalta, Edward N. (ed.), The Stanford Encyclopedia of Philosophy (Fall 2016 ed.), Metaphysics Research Lab, Stanford University, retrieved 2020-11-09
- Webfinace. "Intrinsic Value". Investor words.