[LudwigNagasena]

Subjective things can’t be described by a formula?

[vixen99]

Who knows what takes place in a person's mind? They may not be clear themselves. So, no, unlikely, unless or until the 'it' is objectified.

[LudwigNagasena]

It’s an educated guess, not the word of God. You don’t have to know it precisely to produce useful results. The entirety of physics is wrong, so what, it still allows us to build rockets, skyscrapers and computers.

[drumhead]

And there's a wide variation between even two people on what that guess should be.

[notahacker]

Fortunately, we have things called markets to allow the people that think something is overvalued to sell it to people who think it's undervalued...

[ttoinou]

Markets ? Rituals ! Religion !

[smitty1e]

The unit of analysis is firms, not individuals.

My interest, at the halfway point through The Famous Article, is whether the relative sizes of the firms (in employees) fit in there somewhere.

Money is used as a sort of analytic "low common denominator" in all of this work, but that seems a narrow window for viewing life in general.