Talk:Value
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[edit] Splitting into sub topics
Much of what follows should be moved by their authors to the corresponding sub-topic. the original value article was a collection of semi-unrelated topics lumped into one article. I split the article into sub topics and created this disambiguation page. The talk page was left intact, so the original owners could find their comments. Please move them.
Dullfig 19:33, 16 February 2006 (UTC)
Perhaps we could also have a page for "Value (managementspeak)"?(!)
To decode "Value creation by planning and budgeting" or "Value creation by innovation, meeting targets and exploiting results" 57.66.65.38 12:04, 22 January 2007 (UTC) Andrew
[edit] Dinar scarcity value
"The Iraqi Dinar was without the support of an issuing authority and the Americans specifically and publicly stated that they would not guarantee the value of the Iraqi Dinar. However despite this fact the Iraqi Dinar rapidly appreciated in international markets and nearly double in value in less than a week, despite being an historically soft currency. Scarcity is frequently a sufficient quality to ensure continued market or even improved market value."
- I don't see how scarcity is relevant to the example. There is nothing mentioned of Dinar scarcity. Actually, I think the "scarcity" sentence belongs up in the Intrinsic Value section due to many things of value being scarce (however, although my toothpick statue of Ralph Nader is unusual, it does not seem to be of much value). The phrasing of the paragraph actually suggests that the Dinar value increased due to something about the USA occupation of Iraq, despite the USA saying it would not support the Dinar. I speculate that the value increased because Iraq businesses can now create wealth without fearing that government-protected thugs would steal anything of value. But I won't put that in the article because I haven't looked for supporting expert evidence. (SEWilco 18:32, 24 Feb 2004 (UTC))
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- It is more likely that the Iraqi Dinar appreciated due to the anticipation of the ending of sanctions and the expectation of an inflow of international aid. In any case, you are right that there is more going on here than just scarcity. mydogategodshat 03:48, 25 Feb 2004 (UTC)
[edit] Is there any physical background for Value?
Does instant change of value of goods violate matter/energy conservation law?
Has "value" a physical background?
In the past the value of a good has been connected to "utility" or to "human time" spent to build it.
A good or a service has a value if it is "useful" to someone.
In order to satisfy a need this good must have some characteristics; i.e. the matter must have a "order".
For instance, to manufacture a tool or a machine, we must put (human time) certain materials according to the organization (i.e. order) foreseen in its design.
At the end of the manufacturing process components will achieve the capacity to perform the activity foreseen by the designer.
From this point of view order/organization has many chances to give physical meaning to value.
Former description applies also to art or to science creation process, where some new order is put into some matter or into information.
If the value is connected to this order, how can it vary from instant to instant also for noticeable amounts?
If something is destroyed it loses value and also a lot of its organization, but how can it acquire order in a sudden way?
To put the matter in a certain order an energy transfer is needed and a certain time has to be spent.
In manufacturing the value is built according to the progress of the process and also info organization needs time.
On the international markets value is created and destroyed in big amounts from instant to instant and relevant energy transfer does not happen.
If value is "organization" sudden creation of it should contradict matter/energy conservation law.
If you have any comment please e-mail to
drpepit@yahoo.com
Value is metaphysical not physical. The answer is in the process of evaluation. So you see we can evaluate physical and metaphysical object. But the value it self always stays metaphysical and has a metaphysical background = process of evaluation. Then the process of evaluation, you see, can have an physical or metaphysical object (of evaluation).
If you have any comment please e-mail to
pbs@centrum.sk
You write: A good or a service has a value if it is "useful" to someone.
Sir, A good or service has a "use" if it is "useful" to someone. "Use" does not match "value". In economics, I think, there is a utility theory... you see, the utility theory is a branch of value theory - not the value theory itself. Also compare with Oscar Wilde, who stated that real art is useless.
[edit] Economic value - variance among individuals
What I don't see covered here is the essential point that the value of something varies from individual to individual. When I buy a pound of apples for a dollar, it's worth more than a dollar to me (or I wouldn't exchange the dollar for the apples). At the same time, that same pound of apples is worth less than a dollar to the store, or they wouldn't exchange the pound of apples for my dollar. In fact, to all of us who value that pound of apples more than a dollar, we'll be willing to buy it for a dollar. Some of us may value it at 1.20 (if it was 1.21/pound we wouldn't buy it), others may value it at $5/pound. The store may value it at 50 cents (because, say, it cost them 40 cents and they need 10 cents per pound to cover their overhead). Why do they sell it for a dollar a pound? Because if they charge more, they won't sell all the apples. If they charge less, they will sell out early and not make as much profit as they could.
The same dynamics apply to any product or service that is traded in the free market. The role of variation in how individuals value various products and services is also the same. And it all ties in to supply and demand.
I think this aspect of value in the economy should be explained in the article.
Comments? --Serge 20:22, 22 July 2005 (UTC)
- Agreed, mydogategodshat 04:06, 26 July 2005 (UTC)
- Any addition on the discrepancy between the buyer and sellers subjective valuations could posibly include a tie in to the article on 'winners curse'.
P.S. does anone else think this page could do with disambiguation, in particular a 'Value (economics)' page added? Doctus 16:46, 28 December 2005 (UTC)
Yes, I think the two should be sepparated, as the meaning is totaly different, even though the name is the same. It's apples and oranges. -- Dullfig 22:36, 2 February 2006 (UTC)
[edit] Linguistic Value
Someone, maybe myself, should write about linguistic value. It is an output of a structuralist revision of phililoghy that hapened at the start of the 20th century, pioneered by a Ferdinand De Saussure. He called it "valueur"
There's already a page about him here
