The worth—or value—of any good is always unknown and unknowable. Consider this reality to trigger useful questions regarding market behavior. If you have followed my posts to this point, you realize this question—" What's It Worth?"—has only one answer: "The worth—or value—of any good is always unknown and unknowable." Even an individual cannot quantify the … Continue reading What’s It Worth?
Category: Reasoning
Many conversations and articles suffer from misunderstanding the reasoning the supports sound economic theory. Because it deals with living, human, systems, economics cannot rely on repeatable empirical experiments. It must use extremely sound reasoning. This category will contain explanations of important aspects of that reasoning. AKA Economic Reasoning