Post
Topic
Board Economics
Re: On "intrinsic value" and why it actually means "subjective value"
by
frozen
on 21/04/2013, 04:41:56 UTC
I have no idea where people got this "intrinsic value" stuff from.  Something has value because we prescribe it value.  That is all.

I told you already where intrinsic value comes from. Try surviving without the star we call our Sun. It has intrinsic value to us. It's essential to our survival.

There's a step missing from this logic. You appear to presume that surviving is the default; an inalienable position, but it's not. It's a fundamental preference. The sun only has value to those that actually wish to live.

And so, the word intrinsic continues to have zero value to me.