25 Aug
2023
25 Aug
'23
6:42 a.m.
On Aug 25, 2023, at 9:39 AM, Bill Degnan via cctalk
<cctalk(a)classiccmp.org> wrote:
On Fri, Aug 25, 2023 at 9:27 AM Paul Koning via cctalk <
cctalk(a)classiccmp.org> wrote:
Paul,
Just to add my thoughts, not to argue....to me economics is based on supply
and demand. It's not as a science "subjective". Economists can only in
hindsight quantify the impact of subjective factors on supply and demand
after they actually have occurred. From that, one tries to predict the
future taking past subjective impact to determine future economic
outcomes, momemtum, etc.
Yes, but I wasn't talking about that aspect, but about the concept of
"value". Communist pseudo-economics notwithstanding, value is in the eye of the
beholder. As I said, it must be: if I sell you my computer for $100, and you buy it for
that, it means I value $100 more than the computer, and you value the computer more than
$100.
paul
On Aug 24, 2023, at 9:29 PM, Sellam Abraham via
cctalk <
cctalk(a)classiccmp.org> wrote:
...
It's obvious that the Apple 1 has the value it does not so much for its
technology but for what it represents, and that's all that matters.
This reminds me of the observation that economics is a branch of
psychology: the value of stuff is subjective and personal. (It has to be,
because in a trade each person exchanges an item for a different item
valued more highly *by that person*.) So arguing about it doesn't get you
very far.
paul