Coase Colored Glasses

Tuesday, February 15, 2005

Intrinsic value is intrinsically worthless!

Yes I know the wording in my title entails that I an inept at making an intellectual statement and for the most part I agree, though I have found an article that seems to agree with my statement.
The article argues that humans are the source of value for all things. In that they assign value to different thing using a price system and by using any system other than the price system or the market, for assigning value you are just forcing your own judgments onto others. The author is evaluating the situation of assigning values from an economist point of view, which tends to weaken concerns for intrinsic value.

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