Noun
theory of value (plural theories of value)
English Wikipedia has an article on:theory of valueWikipedia
(economics) an economic theory that attempts to explain the exchange value or price of goods and services
If a 19th century capitalist Machiavelli had wished to cripple the socialist intelligentsia of the 20th century, he could have invented no more cogent weapon than the labour theory of value. Yet this theory was the invention, not of a defender of capitalism, but of its greatest critic: Karl Marx. Steve Keen
The aim of this volume is to work out an evolutionary and behavioristic, or rather volitional, theory of value. It was commenced thirty-five years ago at Johns Hopkins University under my stimulating teacher, Richard T. Ely. John R. Commons