What would Jesus buy?

Ozrat said:
Sander said:
Economic value doesn't change: a bottle of coke isn't more valuable economically for me than it is for my neighbour
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The fact that something is gifted to you doesn't change its economic value.
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Sander said:
Yes, in different markets items hold different values.
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Yes. Because, y'know, he's actually giving you free coke, not just a key. Similarly, if that were done in an open market, the value of coke itself would suddenly plummet.
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Interesting.
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If the idea of local and global markets is interesting to you, maybe you should take some economics classes.
 
I would recommend getting the book, "The Undercover Economist". It's a good and down to earth explanation of the everyday economics. Concepts like scarcity and incentives, which are the fundamental forces in economics, are explained quite well. Pricing is given a large write up as well.

Take the more expensive cans of pop in a vending machine for an example. If you are willing to pay for the extra charge, that means you are willing to pay for more convenience. You have just given a price to your time over your money. There is also a quite enlightening write up about how retail stores prices and places its items.
 
Starseeker said:
I would recommend getting the book, "The Undercover Economist". It's a good and down to earth explanation of the everyday economics. Concepts like scarcity and incentives, which are the fundamental forces in economics, are explained quite well. Pricing is given a large write up as well.
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Coincidentally, I just got done reading that one. It's pretty basic, but a decent read nonetheless.
It's not dissimilar from Freakonomics.
 
Sander said:
If the idea of local and global markets is interesting to you, maybe you should take some economics classes.
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If this is how you learned about unchangeable economic values and one-sided markets, I'll stick to learning from reality instead.
 
Ozrat said:
If this is how you learned about unchangeable economic values and one-sided markets, I'll stick to learning from reality instead.
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I never claimed anything about unchangeable economic values and already admitted that one-man(not one-sided) markets was a brainfart.
Do you have anything to say that has any content, or are you just going to continue to troll now that you have exhausted your knowledge?
 
Ozrat, I would recommend you to get the book I mentioned earlier. It's a realistic look from a everyday perspective on economics.
 
Sander, if you reread your quote included in my second-to-last post, you clearly wrote "economic value doesn't change". Unless I am missing something here, you agree with my counterpoints to your original position and directly contradict yourself. It is not worth debating with someone who cannot remember what his own discourse was. Please clarify what you meant.

Starseeker, it does seem like a good read. Personally I have been attracted to the Post-Autistic Economics movement. I believe The System will need to start accounting for real-world impacts in prices and product lifecycles to realistically sustain a global economy. But until then, why not learn how to work The System as is, eh?
 
ah, thanks, i thought it was just an expression for a post-capitalist economy, i didn't know it was an economics journal.

this is interesting, i'll give it a read. as far as modern economists go i'm mostly interested in Michael Albert and his participatory economics theory, but mostly classic marxist texts like the one i linked in the previous page work for me in explaining how economy works.
 
Ozrat said:
Sander, if you reread your quote included in my second-to-last post, you clearly wrote "economic value doesn't change". Unless I am missing something here, you agree with my counterpoints to your original position and directly contradict yourself. It is not worth debating with someone who cannot remember what his own discourse was. Please clarify what you meant.
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Context, Ozrat. Economic value doesn't change from person to person within the same market at the same point in time.
 
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