Determining value; market pricing vs cost benefit analysis
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Determining value; market pricing vs cost benefit analysis
by The Dharma Bum » Thu Sep 26, 2013 10:14 pm
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Re: Determining value; market pricing vs cost benefit analys
by Stratego » Fri Sep 27, 2013 8:01 am
Price is a signal and could be a very clear signal for frequently exchanged goods. Cost benefit analysis sounds great but a lot of times it's inaccurate because it's hard to actually determine your cost or quantify your benefits. Also as long as there are more than two players you can't really get away from market pricing.
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Re: Determining value; market pricing vs cost benefit analys
by The Dharma Bum » Fri Sep 27, 2013 8:08 am
Market pricing fails to account for externalities, thus it is a far less accurate indicator of price than CBA, which does account for externalities.
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Re: Determining value; market pricing vs cost benefit analys
by Stratego » Fri Sep 27, 2013 8:26 am
You can use price discrimination when applicable.
Sigmund Freud defined four parts of a psyche; the id, the ego, the superego and the stratego. The Stratego being the highest form of morality and scientific thinking.
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Re: Determining value; market pricing vs cost benefit analys
by The Dharma Bum » Fri Sep 27, 2013 9:06 am
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Re: Determining value; market pricing vs cost benefit analys
by Stratego » Fri Sep 27, 2013 1:59 pm
I guess I don't understand the question fully. What do you define as general exchange?
Sigmund Freud defined four parts of a psyche; the id, the ego, the superego and the stratego. The Stratego being the highest form of morality and scientific thinking.
If guns are not outlawed, the in-laws will have guns.
If guns are not outlawed, the in-laws will have guns.
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Re: Determining value; market pricing vs cost benefit analys
by spacemonkey » Fri Sep 27, 2013 5:01 pm
Little Sally started a lemonade stand, and everyone wants a cut.
The hardest part of doing nothing is knowing when your done.
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Re: Determining value; market pricing vs cost benefit analys
by The Dude » Fri Sep 27, 2013 7:09 pm
The problem is you need an independent 3rd party to do a BCA. Which is fine, but that's going to be the gov't. And we do that for some things. But at the end of the day, you can't do it for everything unless the gov't controls all prices.
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Re: Determining value; market pricing vs cost benefit analys
by The Dharma Bum » Sat Sep 28, 2013 10:30 am
It doesn't have to be the state doing governance. A participatory system of horizontal linkages rather than a vertical hierarchy can accomplish the same thing.
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Re: Determining value; market pricing vs cost benefit analys
by The Dharma Bum » Sat Sep 28, 2013 10:39 am
It doesn't require force to gauge and respond to commercial demand because we are not attempting to set prices per se, but rather to produce the desired commodities in the correct amounts. This is best done through individual participation with the process.
How else are you going to find out what products are really desired?
How else are you going to find out what products are really desired?
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