Monday, March 19, 2007

What is it worth?

Interesting idea for this restaurant. I've also read somewhere, I wish I could remember where, of a man who sold bagels at workplaces and used the honor system, which is not quite the same but has the similar characteristic of trusting people to sacrifice for something that they use.

What if that was in place for other things as well? What if we just gave in taxes what we thought our government services was worth? Lots of interesting ramifications - and how you see the future probably depends on what you think about human nature. Would you see anarchy or would you see a more genteel society?

There is some aspect of paying for what you think things are worth for most objects and services - if you don't want what they are offering, offer less or don't get it. I read an article on one of my many travels lately on American Airlines about a man who will negotiate for you.

Personally, I don't think we, "we" as in representing people who buy things, don't spend enough time thinking about the true value of stuff. I guess that is obvious, but what that really means is that we stop buying things, at least so quickly, and come up with a process of determining long-term value to our lives.

So, good reader, how do you think we could do that? Should we consult someone on any purchase over a quarter? How do you determine the true value of something in how much it adds to your life?

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1 comment:

crazykarl7 said...

The market determines the value. If the price is over what people are willing to pay, the market comes down.

Econ 101. :-)