Objectivist theory of value: Difference between revisions

Revision as of 17:54, 12 September 2006

Revision as of 18:01, 4 December 2006

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::*The subjective need for meat has to be present. A hard and heavy rock will be of no value to a vegetarian (although the rock may be of value as a [[grindstone]] to such a person).

::Therefore value is not a quality contained solely in the object, or solely in the mind of the human, but is a relationship between the intrinsic facts of reality, and the subjective needs of humans. The value is said to be ''objective'' because for one particular human, under one particular set of circumstances, the value of an object will always be the same ''to that human''.

==See also==

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[[Category:Economic theories]]

[[Category:Objectivism]]

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