Value Judgment


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Value Judgment

A decision based on what one believes is the right thing to do. The value involved may come from any number of sources. For example, one may make an investment decision based on one's moral values, one's view of the macroeconomic situation, and/or one's willingness to take risks. Often, value judgments occur when the correct decision is not immediately clear.
References in periodicals archive ?
This, the positive/normative distinction, correctly recognizes that "ought" statements embody one or more value judgments in addition to the positive principles of economics.
So it would be a value judgment with a high degree of subjectivity to say that the distribution of incomes, the commercial policy or the tax system ought to be such and such, but it is quite otherwise if such postulates can be related to a wider conception of economic policy which is based on more ultimate and "objective" judgments of value.
First, it is clear that the potential-compensation criterion does involve a value judgment every time one individual is favored over another.
Only multiple lists will return these religious and cultural value judgments to their proper place, to the realm of the private.
1) This is followed by a value judgment that declares the result to be good.
He also blames the PM for his erroneous value judgment which 'cost the nation over Rs 11 billion'.
In other words, there is a value judgment to everything you do.
The way a person exercises his right to say what he thinks, makes it almost impossible to separate a value judgment of its abusive exercise of freedom of expression to it.
However, when his decision was read as a whole, Mr Baird's value judgment was legitimate and he made no error of law, the judge ruled.
Lauinger went on to explain, "The Humanity of the Unborn Child Act constitutes an affirmation by our legislature that it is the public policy of the state of Oklahoma to make a value judgment favoring childbirth over abortion.
Ropke's relatively short essay, "A Value Judgment on Value Judgments" appeared in the journal Revue de la Faculte des Sciences Economiques de l'universite d'Istanbul, published, as the title suggests, by the Faculty of Economics at the University of Istanbul in 1941/1942.
In the modern psychological terminology, we can say that these terms carry emotional valence (Frijda & Mesquita, 2000), as they presuppose and trigger a value judgment that can lead to an emotion.