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20 sats \ 5 replies \ @denlillaapan OP 6 Dec \ parent \ on: Music Has No Economic Value; Convince Me Otherwise (TDE, Joakim Book) BooksAndArticles
No, I'm saying markets (and market prices) have a function -- directly related to scarcity.
When you're paying for something that isn't scarce, i.e. isn't an economic goods, what am I to call it but a gift or a donation?
When you pay, whether in money or other goods, you are exchanging. Donations, on the other hand, are outright gifts. Those are the differences. Does it matter whether the good being exchanged for is in plenty or scarce? No, not really, because there is an exchange going on. As I said before, there would be no exchange if both the parties to the exchange did not think what they were getting was worth more than what they were giving up.
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Let me "sell" you some air, sir.
How about my mother's recipe for chocolate cake? Or a^2+b^2=c^2?
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Great, however I find no value and will not exchange. I already own the ones I want. As a counter offer I will take those goods if you pay me 5000 sats. Got a different offer?
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I gotta pay you for taking noneconomic goods?
Interesting, interesting... A little like how musicians as a group supply music at a loss?
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You understand what dickering is all about, then, right?
Only if they cannot sell tickets to their live concerts. Or, enough tickets to cover the price of the venue and the profit as the entrepreneurs.
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