Accepted opions nostrich on Nostr: I posted the idea that "what is a good?" is subjective yesterday over on Linkedin. ...
I posted the idea that "what is a good?" is subjective yesterday over on Linkedin. Basically, because value is an experience it only exists in someone's consciousness, so a thing is a good if someone acts (makes choices and decisions purposefully) as if it is. Examples include: the brie cheese in my fridge, clearly a good because I acted (choosing to buy it with the purpose of having brie cheese) as if it was a good.
In contrast, we know there is a planet that is hypothesised to be made of diamond (https://lnkd.in/g-UHyfTY). But no one is acting (making decisions and choices) as if it is a good, so it is not. Despite it being composed of a material usually associated with high value.
The logic also applies to costs*; costs are experienced. They are the value we might have experienced but chose to sacrifice to pursue some other chosen end.
Why this matters is that if you're selling something it might be wise to understand what the alternative options are for the people you are looking to serve.
Keep the humans in mind; if they buy your good what do they sacrifice, what do you think their experience of value is with that alternative?
*costs are not to be confused with expenses, which are strictly about the money price paid for a good
This does also apply to the sphere of public policy
In contrast, we know there is a planet that is hypothesised to be made of diamond (https://lnkd.in/g-UHyfTY). But no one is acting (making decisions and choices) as if it is a good, so it is not. Despite it being composed of a material usually associated with high value.
The logic also applies to costs*; costs are experienced. They are the value we might have experienced but chose to sacrifice to pursue some other chosen end.
Why this matters is that if you're selling something it might be wise to understand what the alternative options are for the people you are looking to serve.
Keep the humans in mind; if they buy your good what do they sacrifice, what do you think their experience of value is with that alternative?
*costs are not to be confused with expenses, which are strictly about the money price paid for a good
This does also apply to the sphere of public policy