University of St.Gallen
research platform alexandria
search publications
browse publications
by person
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 
by year

Towards a dynamic interpretation of subjective and objective values : Historical accounts and principles of self-organization

fulltext etc. no fulltext attached
abstract One of the fundamental challenges of any theory involving values concerns their "truth";. Whether or not values are considered as a given and objective category or as something only emerging from human interaction and thus being subjective is of crucial importance for scholars developing models and concepts that imply the notion of values, the evaluation of assets, or dynamic moments of development and change. In our conceptual paper we understand the notion of value as concept that is supporting people in dealing with uncertainty, i.e. their goal to reduce complexity when making decisions. We show how valuation techniques in business offer different solutions to the complexityproblem. We then show how the underlying value theories depend on historical development.
Against this argumentative background we focus on the solution developed by the Austrian School of marginal utility. Based on those ideas we apply self-organization theory to formally re-concile the rift between subjective and objective values. The advantage of the perspective taken is that subjectivity can be fully taken into account while also acknowledging objective elements. The paper concludes with implication for research and practice showing also why its approach may be especially attractive in fundamental moments of change and crisis.
   
type conference paper (English)
   
keywords Public Value
   
name of conference 2009 Annual Academy of Management Conference (Chicago)
date of conference 3-9-2009
page(s) 38
publisher Academy of Management (New York)
review double-blind review
   
citation Meynhardt, T., & von Müller, C. (2009). Towards a dynamic interpretation of subjective and objective values: Historical accounts and principles of self-organization. In , pp.38. New York: Academy of Management.