[startupCurious]

This is a fully loaded question!!

"What is the right price of some of the items you value" --> India has double digit inflation right now.Not of much significance to people on HN,the cost of certain food items has doubled in India, over the last couple of years!

Have been recommended to read "Wealth of Nations",Adam Smith, have the book,but havent got around doing that.

Maslow's heirarchy of needs( Google it) ,is a good rule of the thumb- which determines what your needs would be, depending on which "level" you are.