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0 pointsJackFr5mo ago0 comments

> they both find trades entertaining or have a cultural preference for doing business with each other

That is value. It is any benefit they capture which they would not otherwise.

0 comments

That's value from doing any transaction, not value from the thing you bought. They'd get the same value if they were trading seashells or shiny rocks.

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0 pointsJackFr5mo ago0 comments

> they both find trades entertaining or have a cultural preference for doing business with each other

That is value. It is any benefit they capture which they would not otherwise.

0 comments

AnthonyMouse5mo ago

That's value from doing any transaction, not value from the thing you bought. They'd get the same value if they were trading seashells or shiny rocks.

j / k navigate · click thread line to collapse