Abstract
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 language | English |
|---|---|
| Title of host publication | Managementperspektiven für die Zivilgesellschaft des 21. Jahrhunderts : Management als Liberal Art |
| Editors | Camillo von Müller |
| Number of pages | 21 |
| Place of Publication | Heidelberg |
| Publisher | Gabler Verlag |
| Publication date | 2014 |
| Pages | 45-65 |
| ISBN (Print) | 978-365802522-9 |
| ISBN (Electronic) | 978-3-658-02523-6 |
| DOIs | |
| Publication status | Published - 2014 |
Research areas and keywords
- Management studies
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