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SquishyPanda23 | 4 years ago

> If people are willing to pay money for a service, that service is by definition valuable.

This is only true if you define "value" to mean "people are willing to pay money for it."

But that's a useless and circular definition. It's only tolerated because assuming that money is a proxy for value was useful for making crude models in economics.

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mdorazio|4 years ago

You're welcome to provide a better definition.

JohnFen|4 years ago

"Value" is providing a benefit that is greater than the cost.