Value, Value Theory
Trends in Value Theory since 1881
... Marx’s value framework. Marxist value theory, sitting on its Procrustean simultaneist bed, has been obliged to ignore all real economic phenomena, where prices differ systematically and regularly ...
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Filtered Extreme Value Theory for Value At Risk Estimation
... The dynamic and chaotic features of financial markets in emerging economies make successful financial forecasting almost impossible with parametric models. Observed extremes and fat-tails in returns need to be estimated ...
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Follow the money? Value theory and social inquiry
... the theory of value is ...the theory of value, with its explanation of how individual labours are rendered social by the system of commodity ...Marx’s theory of value. The ...
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Instrumental Value Theory and the Human Capital of Entrepreneurs
... Instrumental value theory in application, as proposed by Tool, has been criticized as ambiguous (Samuels 1995, 99), and as little more than value judgment based on two desirable conditions, when ...
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Crisis, Value at Risk and Conditional Extreme Value Theory via the NIG + Jump Model
... This study develops a new conditional extreme value theory-based model (EVT) combined with the NIG + Jump model to forecast extreme risks. This paper utilizes the NIG + Jump model to asymmetrically feedback ...
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An application of extreme value theory to cryptocurrencies
... Longin, F., Pagliardi, G., 2016. Tail relation between return and volume in the US stock market: An analysis based on extreme value theory. Economics Letters, 145, 252-254. Nadarajah, S., Chu, J., 2017. On ...
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Instruments of value: using the analytic tools of public value theory in teaching and practice
... public value toolbox, we will first properly discuss the function and impact of the existing tools as heuristic concepts in ...public value theory allow us to suggest some ...
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Predictive Performance of Conditional Extreme Value Theory and Conventional Methods in Value at Risk Estimation
... There are possible directions for future research. Methods presented and studied above are well-suited for providing forecasts of portfolio level risk measures such as the aggregate VaR. However they are less ...
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The labour theory of value, risk and the rate of profit
... of value and that surplus arises from exploitation, or the capitalist’s non-payment for some positive proportion of labour ...of value they have concentrated only on value theory and rent (for ...
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Value and Crisis Theory in the 'Great Recession'
... We would consider Marx of little relevance today if events had indeed passed him and his ideas by. But they have not. Rather Marx’s account of capitalism has been, until recently, subject to an entirely undeserved ...
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Marx, the labour theory of value and the transformation problem
... In order to adequately defend this alternative reading, therefore, it is necessary to provide a response to this line of reasoning. It is, in effect, necessary to argue with Marx against Marx, or to “rescue” Marx from ...
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Prologue: value as theory: value, action, and critique
... to value theory and, rather than using “guerrilla tactics,” he engages in a full-blown attack on the way value has been theorized in modern, neoclassical ...to value, which he calls the ...
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The Value Of Item Response Theory In Invariance Testing
... Currently, two methods are commonly used for assessing measurement equivalence/invariance. One method is based on confirmatory factor analysis (CFA) and the other on item response theory (IRT) (Meade & ...
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Public value: conjecture and refutation, theory and ethics
... Moore’s theory and the thoroughness of his ...positive) theory of managerial (rather than organisational) behaviour’ (Moore, 1995: 1), at the same time it necessarily has ‘to set out a philosophy of public ...
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The Seer-Sucker Theory: The Value of Experts in Forecasting
... Overall, the evidence suggests there is little benefit to expertise. And because improved accuracy shows up only in large samples, claims of accuracy by a single expert would seem to be of no practical value. ...
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Constitutional Value Judgments and Interpretive Theory Choice
... individual value judgments, and constitutional interpretation inevitably (and legiti- mately) should do the same; and (2) some shared or objective choice values remain, and thus there may be “better” and “worse” ...
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The labour theory of value: a marginal analysis
... labour theory of value is inconsistent and in contradiction with modern economic ...labour theory of ...labour theory of value obviously because otherwise questions like how to ...
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Sraffa and the Labour Theory of Value a note
... The equation [10] shows how complex the solution of the transformation problem of values into prices is. Two commodities produced with the same absolute quantities of labour may have two different prices, depending on ...
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Realism and idealism in the theory of value
... A related merit of internalism is the very straightforward way in which it evades a form of scepticism about the significance of evaluative claims that we have seem to threaten the platonistically inclined extemalist. ...
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Life put to work: Towards a life theory of value
... • Working performances change both quantitatively and qualitatively. As for the material conditions of labour (quantitative aspect), we witness an increase regarding working hours, 4 an overlapping of labour tasks, the ...
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