4 Kinds of Exchangeable Value

Unit 2

4 Kinds of Exchangeable Value

The previous part explained that exchangeable value has different perspectives and scopes

Juan
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The Metaphysics Of Value and Society
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Chapter 2 explained that exchangeable value balances the subjectivity of personal value-perceptions with the objectiveness of societal value-perceptions.

The previous unit explained the different subjective perspectives and scopes manifest as relational pricing.

This gives us supply and demand with a personal and a societal perspective.

Valuation Source
Buyer or Demand Personal
Seller or Supply Personal
Buyer or Demand Society
Seller or Supply Society

This leads to the 4 kinds of exchangeable value:

Price Perspective Scope
1 Nominal Price Buyer Personal
2 Real Price Seller Personal
3 Natural Price Buyer Social
4 Market Price Seller Social

This can also be rearranged according to viewpoint.

Perspective Personal Society
Subjective and Variable (Buyer’s perspective) 1 Nominal Price (value in currency) 4 Market Price (value to the buyer)
Objective and Natural or Invariable (Seller’s perspective) 2 Real Price (value in grain or labour) 3 Natural Price (value to the seller)

Economics

Economics, on the other hand, has no concept of Real and Natural Price because it has no concept of society as a single entity.

  • It purposely rejects the importance of society because it enshrines selfishness, as a result of being dominated by the Negative Force.
  • This Negative Force also facilitates division, crudity as materialism, war, conflict, racism, etc.

To pursue selfishness, Economics teaches:

  • arbitrage
  • profit maximization
  • finance and money-only exchange
  • private sensory pleasures.

As a result, it only has:

  • economic value (nominal price)
  • market value (market price)
Economics Personal Society
Subjective and Variable Nominal Price (value in currency) Market Price (value to the buyer)

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