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I think what this article misses is that 'value' is a personal/subjective thing. Value is not the same as price. To me, the value of a house might be higher than to you (say because I am more desperate to move out of a tiny apartment). This does not hold for the jar of coins example in the article of course.


Value is the price you would buy/sell it for. There is no other useful definition of value.




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