[dionyziz]

The article is nice. But the point about bartering is wrong. The argument seems to go like this:

- Each thing has a different value based on the person judging it. - Therefore, we cannot barter.

This is unfounded: The subjectivity of value does not make bartering impossible. Bartering is possible if one judges their own work to have less value or equal value to some other work that they are willing to exchange it for; and vice-versa.

However, I agree with the article that bartering may be undesirable; but the value argument is incorrect.

[cortesoft]

This was one of the worst parts of the article (there were lots of bad parts). The fact that different people place different values on the same object is WHY bartering works at all. If there was a specific value for every object, and everyone agreed on exactly what that value was, then no one would ever trade anything.

I feel like the author of this post does not understand basic economic theory.