3 ms·
Valuation are necessary subjective, not objective. It's true, this is how I got two bucks in change for a four dollar coffee I spent three dollars on.
by crystalis 16y ago
Valuation are necessary subjective, not objective.
It's true, this is how I got two bucks in change for a four dollar coffee I spent three dollars on.
- kiba 16y agoI might as well link to Wikipedia's article on the subjective theory of values since you don't get it: http://en.wikipedia.org/wiki/Subjective_theory_of_value http://en.wikipedia.org/wiki/Subjective_theory_of_value Something of which is valuable to me may not be valuable to another person. However, a "price" is much distinct from "value" as price are exchange ratio for two goods, not the overall utility to a person.
- crystalis 16y agoI might as well quote your Wikipedia article since you don't get it: "If it is true that the economic value of things cannot be ascertained without subjecting a particular good to individual value judgements in a market" Notably, there's a big 'if' and later it intimates some other essential things like the complete lack of studied consensus that might be required to baldly assert it as true in a forum of discussion without a proper background, caveat, or concession. So yes, if you insist that firetrucks are not firetruck red, you should probably disclaim the special point of reference from which you make your claims, or expect people to not kowtow to your every esotericism. That said, fuck your mother's cooling corpse for even a few minutes more of, e.g., Einstein.