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Dopamine is dopamine. Why is moving your hedonic treadmill here or there "better"? Some want to move the rich guy's "backward" to "save the planet". Some want t
by daodedickinson 11y ago
Dopamine is dopamine. Why is moving your hedonic treadmill here or there "better"? Some want to move the rich guy's "backward" to "save the planet". Some want to move the poor girl's "forward" to "grow the economy". There is no bottle of wine worth more than your car, there are people for whom money is cheaper than you who will trade more money for a bottle of wine than you will for a car.
- Nadya 11y ago>There is no bottle of wine worth more than your car, there are people for whom money is cheaper than you who will trade more money for a bottle of wine than you will for a car. Economically speaking, "this item is worth $x and won't be sold for less than $x", there is wine worth more than my car. That statement is an economic fact. I'm not going to sit here and argue over the semantics of the word "worth". For someone to try and twist the context of my speech in such a way is being intellectually dishonest and they know it. Worth as in cost not personal value.
- daodedickinson 11y agoNo. Prices are not economic fact. They are opinions. Prices in markets are in constant fluctuation. The price of gas is in part geographically determined. Wine and vehicles are the same way. Every price is relative to who is selling, who is buying, their moods, the setting, their histories... if one changes their opinion of a wine, its price probably changes. No one can say ever that "this will never sell for less than $X" with certainty. A luxury car may be donated, or given away. Some may even pay to have one taken off their hands. This may offer opportunities for arbitrage but the concept of worth independent of price must always be kept in view or the viewer is in an economic cave.