|
|
|
|
|
|
by mmirate
2954 days ago
|
|
|
Well, in these modern times, we call any mechanism which allocates scarce (ergo valuable) resources, an "economy". Thus, the "economic" in "economic value" is actually redundant. And if something has no value, to anyone ... what importance could it have? (except perhaps in the history books, e.g. the now-bloodstained clothes that Archduke Franz Ferdinand of Austria wore when he was assassinated) This seems rather elementary/tautological/Econ-101 to me. |
|
|
If it does, it's only because you're deliberately engaging in tautology.
Not all human value can be expressed in monetary terms. At a minimum, market forces cannot and will not raise the dead any time soon. In death there is no recourse that will make you whole. No amount of money will restore the value to you. That's why regulation and prevention exists – because the market can't cheat death.