Value is a subjective judgement someone makes about how some object affects their life. Nothing more, nothing less.
If an object's "value" has an objective basis we wouldn't even question the exchange rate, nor would negotiations be necessary for a financial transaction.
It is because of the subjective nature of value that a market is even possible.
The Nature of Value
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The Comrade - Vice President
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Re: The Nature of Value
by J.K. Gregg » Tue Dec 04, 2012 11:50 am
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Re: The Nature of Value
by The Dharma Bum » Tue Dec 04, 2012 9:04 pm
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Re: The Nature of Value
by J.K. Gregg » Wed Dec 05, 2012 8:55 am
Objectivist, IT professional, news junkie, geek, and husband. Formally known by Tetracide. I do the twitter @jk_gregg.
You're wrong until proven correct.
You're wrong until proven correct.
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Re: The Nature of Value
by The Dharma Bum » Wed Dec 05, 2012 9:24 am
The addition of the qualifier "flourishing" rather merely survival makes your process even more arbitrary than it was before.
Some people don't consider themselves to be "flourishing" unless they have billions. This is a completely subjective quantification.
Some people don't consider themselves to be "flourishing" unless they have billions. This is a completely subjective quantification.
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The Dharma Bum - Vice President
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Re: The Nature of Value
by The Dharma Bum » Wed Dec 05, 2012 9:27 am
Also whatever value someone says an object holds for them in many cases isn't even true. You say you will risk your life for your wife, but you are saying that from your position behind a computer screen chatting on the internet and not when you are facing the very real possibility of death if you take a particular action.
What people say they will do and what they actually will do are not the same thing. This adds even more subjectivity into the equation.
What people say they will do and what they actually will do are not the same thing. This adds even more subjectivity into the equation.
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Re: The Nature of Value
by J.K. Gregg » Wed Dec 05, 2012 9:28 am
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Re: The Nature of Value
by J.K. Gregg » Wed Dec 05, 2012 9:33 am
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