Subjective vs. Objective Value: The Economist and the Philosopher
According to Professor Aeon Skoble of Bridgewater State University, the word “value” has very different meanings for economists and philosophers. Economists view value as subjective to reflect individual tastes and preferences. Philosophers, on the other hand, use the term objectively, to refer to concepts such as rights. In this video, Professor Skoble explains how these different conceptions actually compliment each other.