The '''ObjectiveObjectivist theory of Value''', as proposed by [[Ayn Rand]], explains the [[worth]] of goods and services as a relationship between [[intrinsic]], [[observable]] atributes in nature, [[human]] [[knowledge]] of such atributes, and how such atributes can satisfy the [[subjective]] needs of humans. inIn contrast with the [[Subjective theory of value|subjective theories of value]] and the [[Intrinsic theory of vaule|intrinsic theories of value]] (also called ''objective'' theories, a term that Ayn Rand wanted to use for her own theory), the objectiveObjectivist theory of value holds the following:
*'''Reality exists independently of perception:'''
*[[Capitalism]]; most advocates of capitalism argue that it is based on the subjective theory of value, but Ayn Rand held that capitalism is based entirely on theher Objectivist (objective) theory of value.
==External links==
*[http://www.mises.org The Ludwig Von Mises Institute] homepage
*[http://www.aynrand.org The Ayn Rand Institute] homepage
