COST IS THE BASIS OF ENTERPRISE MANAGEMENT

Abstract

The paper considers various conceptions of value formed in economic science (K Marks labor value theory, marginal utility theory of K. Menger, O. Böhm-Bawerk, U.St. Jevons). The author defines the problem concerned the combination of the notions of “cost” and “value” in foreign terms and the necessity to differentiate them in the Russian economic literature. It is noted that the Russian economic scientists made an attempt to develop labor approach as well as to synthesize the cost-based and utility theories.