The Subjective Theory of Value

Sent by Jonathan Stark on September 18th, 2016

@_cbrown1 on Twitter shared with me a link to a really good article I’d never seen before called “The Subjective Theory of Value” that handily crystallizes my feelings about the way value works.

It’s a perfect weekend read so I thought I’d share with you:

https://wiki.mises.org/wiki/Subjectivetheoryof_value

BTW - I disagree with the section that says that happiness can’t be measured. Happiness can’t be measured exactly but noting an increase or decrease can be done and is a measurement.  

Yours, 

—J

 


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