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"It makes sense if you believe value to be an objective thing" Does any serious economic philosophy actually believe that foolishness?
by chmod600 6y ago
"It makes sense if you believe value to be an objective thing"
Does any serious economic philosophy actually believe that foolishness?
- Kalium 6y agoIn feudal times, merchants were often derided for supposedly charging a price different from the "true price" of products. So perhaps not in any serious modern economic philosophy, but people definitely arrive at this idea in naive ways.
- anoncake 6y agoAnd rightly so. Value may be subjective, but cost – and thus the correct price of a good – is not.