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The "the colloquial notion of value" is philosophically groundless. The reason economics uses a particular notion of value is because it's actually grounded in
by logicchains 7y ago
The "the colloquial notion of value" is philosophically groundless. The reason economics uses a particular notion of value is because it's actually grounded in relatively consistent theory.
The economic notion is basically saying a mass of poor people have no value to anybody else if they're not able to do anything anybody else wants or each other want enough to pay for.