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Societies for the History of Economics

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Fri Mar 31 17:19:03 2006
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----------------- HES POSTING ----------------- 
I never defined it as individual. In fact, an individual may have several systems of value
which are used in different circumstances. And the process of criteria creation may be
social. It most likely that values are defined by reference to a social group. And if the
social group shares common characteristics it may share value systems.
 
Nor are values necessarially subjective. If a group shares a value system and acts upon
it, it is meaningful to call that value system objective.
 
 
Rod Hay 
 
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