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A comment on Jack Dorsey Is Losing Control of Twitter. Parent comment

Re:Jack Dorsey Is Losing Control of Twitter by ThrustVectoring on Thursday October 06, 2016 @03:30PM (#12655349)
Economic value is a measure of preferences. If I'd pay a dollar to own a widget instead of the status quo, then the economic value of all the processes that got me that widget is $1.

With that model, saying that economic value is "potentially infinite" is equivalent to saying that there will always be a way to improve someone's life.

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Re:Jack Dorsey Is Losing Control of Twitter by dredmorbius on Thursday October 06, 2016 @06:00PM (#12656492)
In the short term, economic (that is, market exchange) value is determined by psychology. In the long term, economic value is deteŕmined by thermodynamics.

Georgescu-Rogen, Daly, Soddy, Bohm-Bawerk, Marshall, Smith.

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