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Value theory is the study of values.Also called axiology, it examines the nature, sources, and types of values.It is a branch of philosophy and an interdisciplinary field closely associated with social sciences like economics, sociology, anthropology, and psychology.
The area shows growing interest, given a number of books [8] and a degree of institutionalization as a potential subfield shown by the first issue of the academic journal Valuation Studies [9] in 2013, [10] while existing journals in cultural sociology and economic sociology, like Poetics and Socio-Economic Review, show a strong treatment of ...
Ethical value denotes something's degree of importance, with the aim of determining what action or life is best to do, or at least attempt to describe the value of different actions. In value theory, the study of ethical value includes the use of other disciplines, such as: anthropology, behavioral economics, business ethics, corporate ...
Value-added theory (also known as social strain theory) is a sociological theory, first proposed by Neil Smelser in 1962, which posits that certain conditions are needed for the development of a social movement.
The study of ethical value is also included in value theory. In addition, values have been studied in various disciplines: anthropology , behavioral economics , business ethics , corporate governance , moral philosophy , political sciences , social psychology , sociology and theology .
The concept of value, like the concept of prices, is often used in a rather "loose" sense – referring to a cost or expense, a compensation, a yield or return, the valuation of a product, an asset, a service, a lease etc. The language of trade often does not make the social, legal and economic relations involved in trade very explicit.
The labor theory of value (LTV) is a theory of value that argues that the exchange value of a good or service is determined by the total amount of "socially necessary labor" required to produce it. The contrasting system is typically known as the subjective theory of value .
The general concept underlying SVO has become widely studied in a variety of different scientific disciplines, such as economics, sociology, and biology under a multitude of different names (e.g. social preferences, other-regarding preferences, welfare tradeoff ratios, social motives, etc.).