Hamish McKenzie avatar

Dear Propertarians, value is subjective...

macaronikazoo

Published: 09 Oct 2019 › Updated: 09 Oct 2019Dear Propertarians, value is subjective...

Dear Propertarians, value is subjective...

Propertarians talk a lot about reciprocity. And rightfully so.

Reciprocity is the exchange of roughly equivalent value between consenting people. If you're benefiting from the efforts of others without reciprocating in kind, you may be a parasite.

But in my experience, they don't seem to talk about the fact that value is subjective.

Value equivalence requires a subjective analysis and thus cannot be objective and thus also cannot be "scientific".

Markets are how we calculate prices, but markets are simply machines of subjective value analysis.

Leave Dear Propertarians, value is subjective... to:

Written by

Read more #philosophy posts


Best Posts From Hamish McKenzie

We have not curated any of macaronikazoo's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From Hamish McKenzie