25 Aug
2023
25 Aug
'23
6:39 a.m.
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.
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