KnowraSubjective theory of valueLinked fromLinked fromThe 10 pages that link to Subjective theory of value, each with the reason it gives.All 10Related 5Compared with 5MarginalismRelated: Marginalism gave this view a formal account through marginal utility.Carl MengerRelated: Menger made value depend on individual judgments rather than production costs alone.Ludwig von MisesRelated: Mises used subjective value to explain prices through people’s choices rather than intrinsic properties.Marginal revolutionRelated: It replaced explanations of value based chiefly on production costs or labor.Austrian school of economicsRelated: It replaces labor or intrinsic worth with individual preferences as the basis of value.