5 ms·
What utility? It has no intrinsic value.
by ihsw2 9y ago
What utility? It has no intrinsic value.
- tinco 9y agoIt has no utility, only intrinsic value.
- neals 9y agoIt has no intrinsic value, just utility.
- chatmasta 9y agoThe value of something is what somebody will pay for it. If you disagree with this, I challenge you to give an example of something that fits your description of intrinsic value. That is, something that would still have “value” even if nobody in the world were willing to pay for it.
- api 9y agoArable land, antibiotics. The latter would be worth many many times the value of gold in a post-collapse scenario.
- aaavl2821 9y agofood air water sunlight sex
- programmarchy 9y agoPeople are willing to pay for all of these things.
- tome 9y agoThat's the opposite of what chatmasta asked for.
- lawlessone 9y agoiron, can be made in to plows or swords.
- shuntress 9y agoThere is a 0% chance that I turn raw iron into a plow or sword. It has _no_ intrinsic value. If I received iron in trade for some goods/services the _only_ value it would have is as currency.
- lawlessone 9y agoYou could leave a piece in a pot as you're making soup if you are iron deficient. https://en.wikipedia.org/wiki/Lucky_iron_fish https://en.wikipedia.org/wiki/Lucky_iron_fish
- shuntress 9y agoBut if I already consume enough dietary iron, then the iron has no value. How can this be if it is supposed to have intrinsic value? Either I literally always need to consume more iron or the iron has no intrinsic value.