01-02-2017, 05:36 PM
Quote:The subjective theory of value has been well-established for well over a hundred years. No one would ever exchange anything if they did not value what they were getting more than what they actually had, which means both parties must value the commodities being exchanged as being worth either less or more than the actual price, with the parties having differing opinions on which is which.But the people producing the free stuff need income, which has to come from somewhere. You cannot feed your family on subjective value.