A note from Daniel

Economist Per Bylund once noted: "The concept of economic value is easy: whatever someone wants has value, regardless of the reason (if any)." Not utility, not profits—just whether people want it or not, for any reason. So much of what happens in the economy is rooted in emotions, which can, at times, be nearly impossible to make sense of.

Daniel Same As Ever, page 75 · January 5, 2024 Save to shelf
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