Dgarretson, I also thought about classical ecomicis in this
context but 'the old one'. Smith, Ricardo, Marx, etc. They
made the distinction between 'value in use' versus 'exchange value'. The so called 'theorys of value'
were all over the place then. Ricardo was the only one who
was searching for the 'absolute measure of value'. His 'corn model'of economic process is still the best 'reduction'(of complexity) that I know of. Ie the whole process is explained in corn terms. Back then the usual explanation of the difference was: water and air have
tremendous 'use value' but no 'exchange value'. No idea if this helps but to my mind we should avoid mixing expressions like 'valuation', 'desription' and 'prescription'. Dertonarm uses obviously 'physicist'
approach: the objects have the qualitys they have, we can discovere them but we can not ascribe to them qualitys they
dont have. But this should be put it seems to me in dscriptiv terms and not in terms of valuation. Valuation without a subject who values is a strange construction.
Marx stated this in the context of 'use value' like this:
the humans value those things because they need them but to
a sheep it may look very strange that his 'value'consist in
the fact that he is edible by humans.
Regards,
context but 'the old one'. Smith, Ricardo, Marx, etc. They
made the distinction between 'value in use' versus 'exchange value'. The so called 'theorys of value'
were all over the place then. Ricardo was the only one who
was searching for the 'absolute measure of value'. His 'corn model'of economic process is still the best 'reduction'(of complexity) that I know of. Ie the whole process is explained in corn terms. Back then the usual explanation of the difference was: water and air have
tremendous 'use value' but no 'exchange value'. No idea if this helps but to my mind we should avoid mixing expressions like 'valuation', 'desription' and 'prescription'. Dertonarm uses obviously 'physicist'
approach: the objects have the qualitys they have, we can discovere them but we can not ascribe to them qualitys they
dont have. But this should be put it seems to me in dscriptiv terms and not in terms of valuation. Valuation without a subject who values is a strange construction.
Marx stated this in the context of 'use value' like this:
the humans value those things because they need them but to
a sheep it may look very strange that his 'value'consist in
the fact that he is edible by humans.
Regards,