The Coin Files on Nostr: Value in goods / services isn't intrinsic but a personal judgment based on our needs ...
Value in goods / services isn't intrinsic but a personal judgment based on our needs and circumstances. It is a mental construct. This contrasts with the academic "intrinsic value" definition, that aims to “objectively” measure an asset's worth using "scientific” data. The Austrian school echoes this subjective stance, highlighting value as a personal, individual assessment.
It’s time to move beyond #Keynesianism."
#Bitcoin.
Published at
2023-12-15 14:12:25Event JSON
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"content": "Value in goods / services isn't intrinsic but a personal judgment based on our needs and circumstances. It is a mental construct. This contrasts with the academic \"intrinsic value\" definition, that aims to “objectively” measure an asset's worth using \"scientific” data. The Austrian school echoes this subjective stance, highlighting value as a personal, individual assessment.\n\nIt’s time to move beyond #Keynesianism.\"\n\n#Bitcoin.",
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