The idea of the Labor Theory of value fits perfectly with a world of cyclical futility.
FORBES: Christmas, Kurtosis, Fat Tails, Black Swans and Risk Management
But that is the fault of other disciplines for not coming up with ideas to rival, for example, agency theory or the maximisation of shareholder value.
ECONOMIST: Is the MBA responsible for moral turpitude at the top?
In theory, however, the undoubted value of these natural treasures should be reflected in their price, which should rise steeply as they become more scarce.
ECONOMIST: A new report comes up with a better way to size up wealth
The worship of shareholder value began in 1976 when a journal article by Michael Jensen, "Theory of the Firm, " critiqued the prior system of managerial capitalism and set the stage for our modern era of capitalism, writes Martin.
One theory is based on the presumption of higher risk in value stocks and the other is based on mispricing of securities.
The owners value shares at less than the proportional value of underlying assets on the theory that fractional interests in a portfolio are not worth as much to outsiders.
Because these convoluted, complicated approaches are the result of faulty economic theory, which posits that a currency's value is directly tied to a government's fiscal policies.
Politicians, recognizing the value of spending to their reelection chances, welcomed any theory that could be used to justify government borrowing.
Basic economic theory tells us that a company should be worth the net discounted value of the dividends that will be received from it.
FORBES: Amazon Invests More and the Stock Falls? It Shouldn't Be This Way
In a forthcoming article, Jeremy Bulow of Stanford Business School and Paul Klemperer of Oxford University use theory to show that such price caps mean those who value a good most do not necessarily get it.
ECONOMIST: Banning hosepipe use is a poor solution to a water shortage
Traditional state-to-state deterrence theory suggests that such a buildup would cost a lot economically while buying nothing of strategic value.
CENTERFORSECURITYPOLICY: Newsweek declares the missile defense debate Over��
Economic theory, of course, says that there is little connection between the euro's value against the dollar or the yen and the success of monetary union itself.
But Prof Reiss argues that there is an educational value in comparing creationist ideas with scientific theories like Darwin's theory of evolution because they demonstrate how science, unlike religious beliefs, can be tested.
BBC: NEWS | UK | Education | Teachers 'fear evolution lessons'
The basic asset allocation theory that caught on was based on some long-term data and showed the value of blending stocks, bonds and cash.
In theory the UltraViolet concept has always been a solution to the problem for digital ownership of high value content however, when requiring so many different industries to support and agree on all aspects of the specifications of such a program, it can often feel like getting nations to agree on the Kyoto Protocol.
FORBES: UltraViolet: Boom Or Bust For Studios And Consumers?
应用推荐