• void_star@lemmy.world
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    2 months ago

    You found it useful, ie renting allowed you to fulfill the Use-Value you needed, shelter. You appear to be using Subjective Value “Theory,” ie the idea that Value is a hallucination different from person to person, which is of course wrong

    I’m not using value in this way, I literally googled “ value in a market economy” because this is what I meant by value and I cut and pasted the common definition of this usage. There is no hallucination or subjectivity, I’m using value to objectively mean what people are actively paying for. If something exists in the market, and it is being exchanged for something in return, it has “value” by this definition.

    • Cowbee [he/him]@lemmy.ml
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      2 months ago

      You are indeed using SVT, where Value simply means a good is useful. We aren’t talking about the same thing.

      • OurToothbrush@lemmy.ml
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        2 months ago

        “Subjective value theory” as opposed to marx’s “theory of value” which is sometimes mistakenly referred to as “labor theory of value” actually an earlier development that Marx refined into his own theory