Entirely too many economic retards here. So here's lesson 1: all value is subjective.
All value. There is no such thing as inherent value. Gold, money, everything only has the value that other people think it has.
All value is subjective
Hudson Gutierrez
Ryder Diaz
It would be a good argument if people weren't all a bunch of monkeys that literally came from the same seed.
But seeing as they are, and their brains are highly evolved to value certain things, we can talk coherently about things which are implicitly valuable on the assumption that the discussion only has meaning to humanity.
Michael Bennett
>ut seeing as they are, and their brains are highly evolved to value certain things, we can talk coherently about things which are implicitly valuable on the assumption that the discussion only has meaning to humanity.
Sure, but thats all still subjective. It doesn't have to be on a macro level, it applies on a micro level as well. The soda machine is a good example of this.
Alexander Smith
Ok but when people talk about implicitly valuable stuff, they're talking about stuff that everybody values. You're just trying to nitpick something based on a paradigm that doesn't apply to those other discussions.
Christian Foster
by too many economic retards you were talking about yourself? your understanding of value and price is that of a 12yo
Jeremiah Collins
>Ok but when people talk about implicitly valuable stuff,
They should stop doing that. Explicit objective frameworks or bust
Levi Lopez
dude weed
Jaxson Jackson
>t.
Nolan Morris
Good luck with that. Please go tell this to normies. Also tell them their argument is a 'logical fallacy'. They'll say something along the lines of 'what the fuck are you even talking about you little twerp? I'm right, you're wrong. Put that in your pipe and smoke it'
Ethan Ortiz
The value of water is subjective you retard. It isn't worth anything if you just want to die. You don't need it to live if you don't value life. DUH!
Jesus christ is this what you kids are talking about in colleges these days?
Nathan Hall
>Normies are retarded
Well yes
Bentley Rogers
>The value of water is subjective you retard. It isn't worth anything if you just want to die. You don't need it to live if you don't value life. DUH!
This but unironically
Levi Nelson
>Ok but when people talk about implicitly valuable stuff, they're talking about stuff that everybody values.
Even nearly-universally valued stuff is going to be valued differently by different people. Because all value is subjective.
John Moore
>Even nearly-universally valued stuff is going to be valued differently by different people. Because all value is subjective.
A full understanding of our universe would contend that everything is objective and depends on physically measurable prior events... including the amount someone is willing to pay.
Brandon Diaz
If you take an entirely materialist view of cognition, then that might be hypothetically possible. But until we have a complete model of the physical universe AND the ability to process it in real time, we will have to deal with the subjectivity of value.
Noah Johnson
there is nothing like value in economics, there is only price, you're a literal economic retard who only heard about economics in a philosophy class. price is subjective, but you're a retarded bitch who thinks price=value.
Joshua Lee
>everything is objective and depends on physically measurable prior events... including the amount someone is willing to pay.
Incorrect. Being able to go back far enough and build a sufficiently sophisticated mathematical model to predict what someone MIGHT pay, does not mean its not subjective in that moment.
Adrian Jones
>t.
Brandon Clark
No, because even if you were completely alone, a machine doing work for you is easier is not subjective. Therefore gold and other metals used in making computers and machines are inherently valuable, even to a single human. Not to mention their other uses
Owen Perry
I think stuff like gold is a bit more legit because it's actually a rare and limited resource. Scarcity is often related to perceived value and I kinda get it. Money however, in the modern times when it's not tied to any natural resource, is actually 100% make-believe. If people stop believing, everything will collapse immediately.
Nathan Thompson
>machine doing work for you is easier is not subjective
No, but valuing that lighter work load is subjective