We all agree however that both such schemas are much preferable to the shareholder value theory, which is both practically and theoretically unsound, and which leads to so many negative results in so many different areas.
The idea of the Labor Theory of value fits perfectly with a world of cyclical futility.
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In theory a value investor could plug in high growth numbers and look out over the long-term just as well as a growth investor can.
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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.
The greater risk theory supposes that the value premium is due to unobserved risk within those securities, such as hidden financial distress or illiquidity in the marketplace.
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.
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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.
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Politicians, recognizing the value of spending to their reelection chances, welcomed any theory that could be used to justify government borrowing.
The economic contribution of his essay is that it represents the thesis advanced by German economist Georg Friedrich Knapp in The State Theory of Money (1924), an expose advocating the Chartalist approach to monetary theory claiming that money must have no intrinsic value and strictly be used as tokens issued by the government, or fiat money.
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.
One theory is based on the presumption of higher risk in value stocks and the other is based on mispricing of securities.
For Neiman Marcus, the theory was that the partnership would let it capture the value-oriented shopper without having to set up its own outlet like Nordstrom Rack.
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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.
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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.
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Basic economic theory tells us that a company should be worth the net discounted value of the dividends that will be received from it.
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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.
This should, in theory, prevent discounts or premiums to the fund's net asset value.
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.
Traditional state-to-state deterrence theory suggests that such a buildup would cost a lot economically while buying nothing of strategic value.
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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.
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.
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The role of inflammation and the value of CRP as a predictor are still very much open to debate, and even supporters of the inflammation theory admit that it is unlikely to become more important than cholesterol.
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