The subjective theory of value defines how an object's worth fluctuates according to personal views and context. Understand its application through examples and insights.

In the 3rd Appendix of Michael Heinrich's How to Read Marx’s ‘Capital’ (2021), the first chapter of the first edition of Capital is discussed, noting differences in the presentation of the value-form ...

Appendix from the first edition of Capital that sought to popularize value-form analysis. After the first edition, the appendix was dropped and changes were made to chapter 1. The appendix here is ...

Value refers to the fair measurement of the worth of an asset, good or service. Value is commonly expressed in monetary terms as a number or quantity set by the consensus of market participants.