The worth—or value—of any good is always unknown and unknowable. Use the consideration of this reality to trigger […]
The discrete nature of humans makes the individual the center of all market activity. They decide what has […]
Value and price have a very close and important relationship. Value exists entirely in the subjective realm, whereas […]
Because I will frequently return to the subject of value, and its measure, over the course of these […]
The source of value has huge significance in the development of economic theory.
I mentioned in my previous post that only separate individuals can determine value. In this post I would […]
In a previous post I introduced the topic of Subjective Value. I used an anecdote to demonstrate how […]
Since the beginning of economics as a specialized study, economist have realized that the concept of value lies […]
After a prolonged hiatus, I want to return to my discussion of value theory. A workable theory for […]
In listening to discussions about markets and economics you seldom hear the word complexity. Most economic theory tends […]