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.
Language
English
HSG Classification
contribution to scientific community
Refereed
No
Book title
Managementperspektiven für die Zivilgesellschaft des 21. Jahrhunderts: Management als Liberal Art