Perspectives of Value on Superphysics

Use Value Versus Exchangeable Value

Mon, 28 Mar 2022 00:00:00 +0000

The Previous chapter explained the 2 perspectives in society:

Personal
Societal or Collective

This leads to 2 kinds of perspectives of economic value:

Use Value
Exchangeable Value

Use value is regulated by personal budgeting which involve personal arithmetic and algebra.

Use Value and Marginal Utility

Mon, 20 Jan 2025 00:00:00 +0000

Principles

Principles	Assertions
Use Value requires 1 entity	We replace Marginal Utility with Minimum Needs since use-value is subjective

Use Value is Personal and Subjective

The previous unit explained that use value aligns with the personal perspective.

Profit Maximization

Mon, 20 Jan 2025 00:00:00 +0000

The previous unit explained that marginal utility should not be the basis for judging societal economic value because utility is subjective and personal.

It might be useful to a rich person to destroy a forest which has little use value to him, so he can build homes for fellow rich people who will find use for those homes.

The Different Kinds of Values

Mon, 01 Jan 0001 00:00:00 +0000

Principles

Principles	Assertions
Value has a personal and societal perspective	The personal is use value. The societal is exchangeable value.

The previous chapters explained that: