Register | Sign In


Understanding through Discussion


EvC Forum active members: 65 (9164 total)
1 online now:
Newest Member: ChatGPT
Post Volume: Total: 916,913 Year: 4,170/9,624 Month: 1,041/974 Week: 368/286 Day: 11/13 Hour: 0/0


Thread  Details

Email This Thread
Newer Topic | Older Topic
  
Author Topic:   Economics: How much is something worth?
Dogmafood
Member (Idle past 378 days)
Posts: 1815
From: Ontario Canada
Joined: 08-04-2010


Message 115 of 330 (661279)
05-03-2012 10:40 PM


How are you spending yours?
All value judgements are subjective.
All value assessment is made relative to need. If you don't need a thing, or any benefit that it can provide, then it has no value to you . So the value of any particular thing changes with every observer.
I assess value as a function of time invested and resources consumed with personal need as a multiplier. By this mechanism, a glass of water can carry more value than all the fine art in the world, to the thirsty man.
In the end, the only currency that anyone really has is their time.

  
Newer Topic | Older Topic
Jump to:


Copyright 2001-2023 by EvC Forum, All Rights Reserved

™ Version 4.2
Innovative software from Qwixotic © 2024