4 ms·
None of them have intrinsic value. At least gold & diamonds are useful
by abritinthebay 8y ago
None of them have intrinsic value.
At least gold & diamonds are useful
- ams6110 8y agouseful + scarce == intrinsic value, no?
- abritinthebay 8y agoUseful is a subjective value judgement, so... no. But I get what you're saying - I'd say it's more correct to say it's valued, but not that it has intrinsic value. For example - over history gold has been mostly considered pretty, but not exactly high value. It was only through trade it became representative of value (of the goods).