One man’s trash is another man’s treasure! Tonight we will eat burgers and talk about one of the key insights pervading all of Austrian economics, the subjective theory of value.
Viewings
Trade Creates Wealth https://www.youtube.com/watch?v=y0gGyeA-8C4
Using trade to go from a red paperclip to a house https://www.youtube.com/watch?v=8s3bdVxuFBs
A personal trainer who turned trash into treasure … another way. https://www.youtube.com/watch?v=7QoqDmyvv_o
Readings
Fidget spinning is Subjective https://fee.org/articles/fidget-spinning-explained-defended-and-celebrated/
The nature and origin of subjective Value https://austrian.economicblogs.org/mises-canada/2017/bawerk-nature-subjective/