exchanged value
11value — I. noun Etymology: Middle English, worth, high quality, from Anglo French, from Vulgar Latin *valuta, from feminine of *valutus, past participle of Latin valēre to be of worth, be strong more at wield Date: 14th century 1. a fair return or… …
12Exchange value — In political economy and especially Marxian economics, exchange value refers to one of four major attributes of a commodity, i.e., an item or service produced for, and sold on, the market. The other three aspects are use value, value and price.… …
13Surplus value — is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.The German equivalent word Mehrwert… …
15Law of value — The law of value is a concept in Karl Marx s critique of political economy. Most generally, it refers to a regulative principle of the economic exchange of the products of human work: the relative exchange values of those products in trade,… …
16Par value — Par value, in finance and accounting, means stated value or face value. From this comes the expressions at par (at the par value), over par (over par value) and under par (under par value). The term par value has several meanings depending on… …
17Surplus Value, Theory Of — Surplus value is a central notion in Karl Marx’s analysis of capitalism and his theory of exploitation. Marx bases his theory of surplus value on the labor theory of value which assumes the value of goods to be determined by the relative… …
18Shapley value — In game theory, a Shapley value, named in honour of Lloyd Shapley, who introduced it in 1953, describes one approach to the fair allocation of gains obtained by cooperation among several actors.The setup is as follows: a coalition of actors… …
19fair value — n 1: a reasonable value (as one set by courts and regulatory commissions) for property 2: fair market value Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
20Conversion Value — The financial worth of the securities obtained by exchanging a convertible security for its underlying assets. Convertibles are a category of financial instruments, such as convertible bonds and preferred shares, that can be exchanged for an… …
