10 sats \ 1 reply \ @Msd0457890 20h \ on: Why People Pay Higher Prices for Some Goods Relative to Others econ
I think it's because people believe that what they invest in has a lot of value for them even if it doesn't seem that way for the market.
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 19h
It is the marginal value to the person making the decision. He uses the baker with 4 loaves of bread as an example.
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