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[168] Fred: Intrinsic vs Relative Value. Dave [33] did not discuss Barbon's statement about intrinsic value being
non-existent. He does point out that commodities are equalized at the market in
order to be traded using Barbon's quote from the text but the question was
referring to the quote in Annotations pg. 22 where Barbon states that nothing can
have an intrinsic value. This statement would indicate that Barbon sees value
only as a relative thing since it is being exchanged for something else. This is
related to Butler's statement in that Butler is saying if two things are indeed
traded the worth of the thing is manifest in what it will bring, how much money,
or what commodity can it be traded for, but as Hans stated in [2007SP:5] this is
meant as a satire. “Worth should be some intrinsic quality”. But what we see in
reality is more importance on the relative over the intrinsic. In other words, we
judge a person like a commodity, by their surface value or bank account rather
than what is inside, their intrinsic value. |
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