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Agreed. Hard to argue that price inflation in education hasn't reduced its value. Not its worth -- that's remained or even increased. But its value.
by encoderer 16y ago
Agreed. Hard to argue that price inflation in education hasn't reduced its value.
Not its worth -- that's remained or even increased. But its value.
- cynicalkane 16y agoI don't understand the distinction you're making. Did you mean "marginal value" instead of "value"?
- encoderer 16y agoNo, Value.
- cynicalkane 16y agoWhat? In normal English, value and worth are nearly the same thing. In economic English, value is worth, usually spoken of relative to other worthwhile things, but not relative to price. So I don't understand you at all.
- jazzdev 16y agoI interpreted that to mean value = worth - price So as the price goes up, the value you get goes down.
- Tamerlin 16y agoSo, define "value" in the context of an education.