the joke is a joke, and is meant to illustrate a point. However, i think it's actually illustrating a different point than the intended one. The fact is, those

the joke is a joke, and is meant to illustrate a point. However, i think it's actually illustrating a different point than the intended one. The fact is, those economists valued watching someone eating shit at $100 dollars. How is that any different than someone paying $100 dollars to watch a concert? It perfectly illustrates the idea that value is in the eye of the beholder.