Comment by komali2
17 days ago
Your confidence doesn't mean you're right. Your definition of value doesn't include a mechanism to determine the difference between contextual value, an awkwardness obvious in your comment, after all, the stock market wouldn't exist unless the value for a seller was different than the value for a buyer, or why else would the buyer buy? There's more than just price involved in the consideration.
Also, the word "value" is used outside of monetary contexts. If you said "I value you" to a loved one, I doubt even an avout capitalist libertarian such as yourself would be so heartless as to put a dollar price on that "value." So no, value is not just "what you're willing to pay." That's a Chicago school of economics lie that has been allowed to determine the mechanics of neoliberal society.
In any case this isn't really a conversation if you just keep saying the same thing over and over again, "value is cost," using basically undifferentiated examples.
No comments yet
Contribute on Hacker News ↗