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SubjectivismValue and Exchange
Prices are set by how much people value goods and services. And people value things based on what they think will improve their life and well-being.
Media and CultureSubjectivismValue and Exchange
Scrooge was wrong, and his Nephew Fred was right. While it's true the benefits of feasting with friends and family can't be calculated in a ledger, that doesn't mean those things have no value.
Philosophy and MethodologySubjectivismValue and Exchange
Those who oppose "consumerism" contend it is wrong to give consumers what they want if they want the wrong things.
U.S. EconomySubjectivismValue and Exchange
Gentrification gets bad press. It would appear that the gentrifier (he who engages in gentrification) is a malign exploiter, a bully, someone who takes advantage of the weak and the poor. And these are the nice things said about him.
The prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.
Thanks to markets, our unchanging desires are being satisfied more and more effectively over time.
Philosophy and MethodologySubjectivism