Towards a Dynamic Interpretation of Subjective and Objective Values

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Joseph Schumpeter once observed that “the fundamental explanatory principle of any system of economics is always a theory of value” (1997, 151). In this chapter we focus on the distinction between “objective” versus “subjective” values and offer a theoretical solution to resulting tensions in economic and managerial thought.
Original languageEnglish
Title of host publicationManagementperspektiven für die Zivilgesellschaft des 21. Jahrhunderts : Management als Liberal Art
EditorsCamillo von Müller
Number of pages21
Place of PublicationHeidelberg
PublisherGabler Verlag
Publication date2014
ISBN (Print)978-365802522-9
ISBN (Electronic)978-3-658-02523-6
Publication statusPublished - 2014