Monthly Archives: July 2016

Contextual Value

In a previous post, Zippy comments: I would suggest (without pretending to approach an exhaustive account) another factor: contextual. Generators really are more valuable during a widespread power outage, etc — not because of convention and not because of the … Continue reading

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Attempt at an ontology of Value

Value involves a triadic relation between a person, a thing and an end desired by a person and obtainable by the thing. Let us consider this relation. The thing is ordained to the end and we consider it valuable in … Continue reading

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Triadic Value

Value involves a three-fold or triadic relation between a person, his need, desire or end, and that which is used to obtain that end.

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Incoherence of the Non-expert Experts

Over at the Acton Institute there is an article on that economics is for everybody. I think Mr. Chang is dead wrong, because a great many people have all sort of uneducated views and opinions on economics. I think the … Continue reading

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Discounting – Foundational Thoughts

One of the things that has been on my mind is the justification of discounting on a realist basis. There is a great deal of unreality in modern economics and discounting is a corner stone of modern economics and finance. … Continue reading

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