Where does the idea that prices are a function of value even come from? Even the most basic high school microeconomics course must teach students that prices are the intersection of supply and demand curves.
And it is trivial to see one’s self deriving great value from things like eating fresh fruit and produce and drinking clean water, but not paying anywhere near its “value” for it.
Edit: replace the word value with utility in my comment to get a clearer idea of what I am trying to convey. Value is too vague of an idea to use for this topic.
And it is trivial to see one’s self deriving great value from things like eating fresh fruit and produce and drinking clean water, but not paying anywhere near its “value” for it.
Edit: replace the word value with utility in my comment to get a clearer idea of what I am trying to convey. Value is too vague of an idea to use for this topic.