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>value in general When you are in a philosophical vacuum, generalizing value is useful. However, markets concertize value. The question of "why has this been
by mcavoybn 7y ago
>value in general
When you are in a philosophical vacuum, generalizing value is useful. However, markets concertize value. The question of "why has this been so valuable" is firmly answered by "this is how much someone payed for it".
"What is value?" is an excellent philosophical question. "Why is (some item) so valuable?" is easily answered by a simple analysis of history and statistics.
- beat 7y agoIf we think about it that way, what's the difference between value and price? Not much. I think it's very important to consider value independently of money, and Van Gogh's paintings are an excellent example of that.