Quarterly Journal of Austrian Economics
Author:
Marian Eabrasu
Online Publish Date:
Volume 14, Number 2; Summer 2011 This paper deals with the meaning and the limits of the subjective theory of value. Economists deploy this theory in such various areas as utility, marginalism , knowledge and expectations . Yet, despite its wide spread use in economics, the meaning of subjective value remains equivocal and imprecise. This paper