Menger used his "subjective theory of value" to arrive at one of the most powerful insights in economics: both sides gain from exchange.
Bastiat and Austrian theorists hold to a subjective theory of value, which holds that the value of a product is determined by its consumer or owner.
Fetter believed in the subjective theory of value, and thus supported a pure time preference theory of interest.
Beyond a subjective theory of value and towards a 'fair price': an organizational perspective on Fairtrade minimum price setting.
The subjective theory of value is a denial of intrinsic value.
The subjective theory of value supports the inference that all voluntary trade is mutually beneficial.
The development of the subjective theory of value was partly motivated by the need to solve the value-paradox which had puzzled many classical economists.
Economist Paul Mattick argued that the subjective theory of value leads to circular reasoning.
The subjective theory, for example, when put to work on causation by a proponent, renders causation subjective.
Value theory was revolutionary because it opened the debate on the question of economic value, introducing an objective calculation to a subjective theory.