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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (23938)	10/6/2002 12:24:23 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

David, Yeah, but that account misses the whole deeper meaning and implications of the whole thing. Sure prices are equal to marginal value but that doesn't mean that prices are the only measure of value.... I don't know what you read, or what you mean by 'whole deeper meanings and implications of the whole thing', but prices can't possibly be equal to marginal value because there is only one price and every bipolar voluntary exchange must have two distinct and opposing subjective values, one for each participant. Prices are not a measure of value at all. All economic values are subjective. Regards, Don