Clarification: On Price, Objective (Market) Value, and Subjective Value. Demand

Clarification: On Price, Objective (Market) Value, and Subjective Value.
Demand vs Supply => PRICE. Value is always and everywhere subjective. It is a common error to confuse price (objective) with value (subjective) because of course, humans think subjectively.

Likewise: Regarding “The amount that you hate (reject) something vs the amount you’re forced to put up with it (imposed on you) is how much harm (anti-value) that’s been thrust on you.” is a Subjective Cost, not an objective one.

Why: all information, services, and goods (capital) store time. But time is unequally valuable to us, and our time is unequally valuable to others. As such our value is subjective. This is the first principle of Marx’s error: we do not know the value to others until we test it by producing an exchange. Otherwise we may believe something has value to us, and we may wish it was valuable to others, but if they are not willing to trade (act, expend) for it then no it is of no value. Hence why artists don’t make money and hookers do. 😉

The Universal laws of all human behavior:
1) All behavior is reducible to acquisition, retention, or conversion (consumption, or trade).
2) All acquisition is determined by the least cost in the shortest time with the least effort at the lowest risk with the greatest certainty.
3) All emotions are a reaction to change in state of one’s demonstrated interests (investments), whether real or anticipated.
4) All individual desires for acquisition, retention, conversion (value) vary subjectively by individual in time and space.
5) Cooperation is always and everywhere a multiplier so large that no individual action can compete for it’s returns.
6) Sex differences are the origin of all human differences and the feminine seeks to acquire maximum consumption, in the shortest time, at minimum risk, and minimum responsibility: childrearing – and the masculine seeks to acquire maximum capital over any period of time, any any tolerable risk, to gain responsibility which determines his natural selection among both males and females.

Curt Doolittle
NLI

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