View source for Scale of values

A '''scale of values''' is a scale of an acting man's choices in a given situation, ranked according to [[subjective]] priority.

[[Ludwig von Mises]] wrote:

<blockquote>...one must not forget that the scale of values or wants manifests itself only in the reality of action. These scales have no independent existence apart from the actual behavior of individuals. … Every action is always in perfect agreement with the scale of values or wants because these scales are nothing but an instrument for the interpretation of a man's acting.<ref>Ludwig von Mises, Human Action, [http://mises.org/humanaction/chap4sec2.asp Ch. 4, Sec. 2].</ref></blockquote>

{{See also|Subjective theory of value}}

==References==
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[[Category:Economic concepts]]
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