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Re:U.S. house prices are rising exponentially faster than in... by logicchains on Sunday October 31, 2021 @02:59AM (#29055042)
>But mainstream empirical economics, including (but not limited to) the neoclassical school, does not have a theory of value.

It does; it assumes utility exists as some concrete thing that can be compared between individuals. The fact you weren't aware of that just shows how good mainstream economics is at hiding this. https://en.wikipedia.org/wiki/Utility#Discussion_and_critici...

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