3 ms·
That bag of peanuts may have an intrinsic _cost_. But it most certainly does not have an intrinsic value. "value" may be a confusing word here. Starting from
by MrPatan 11y ago
That bag of peanuts may have an intrinsic _cost_. But it most certainly does not have an intrinsic value.
"value" may be a confusing word here. Starting from "This has a $5 value". Compare to "I value this at $5". People have moral "values" too. It's confusing.
The point is that how much we value things is contextual.
- crimsonalucard 11y ago"Intrinsic value" is not a term I made up. https://en.wikipedia.org/wiki/Intrinsic_theory_of_value https://en.wikipedia.org/wiki/Intrinsic_theory_of_value Warren Buffett built his entire BRK empire around this concept. The word "value" in some academic settings is used as a thing that is contextual and subjective, but in daily conversation, if I said the value of a bag of peanuts was a billion dollars people will think I'm crazy. Due to that fact alone, one can assume that in typical conversation, employment of the word "value" refers to "intrinsic value" rather than the "subjective value"