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You can't quantify how much someone wants something, can you?
if by "quantify", you mean simply "put a number on", then sure
my feelings on chocolate ice cream are a 7/10, whereas on vanilla I'm only 4/10
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I am confused by how exactly you could actually measure value then?
an object has no intrinsic value, ever. it is valued by an subject. different subjects will place different values on a given object. you can't just point to the amount of labor required to produce the object in order to get to what that object is worth to any of the subjects.
maybe it would be helpful to distinguish demand-side valuation from supply-side valuation
on the supply side, the amount of labor required to produce the object may be the primary driver in determining its value to the producer
but on the demand side, the value of the object is totally irrelevant to the difficulty producing it; it is the usefulness of the object that makes this determination
the basic supply-and-demand curves illustrate this point very well
Last edited by iamnotawerewolf; 07-09-2018 at 03:22 PM.