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Re:Britain’s statisticians fix a blunder and find a bigger e... by jjoonathan on Tuesday September 05, 2023 @03:24PM (#37396510)
> value

In this case we have two approximately equal economists, but in general any discussion about revealed preferences, utility, and value is remiss without a parallel discussion on how value is wealth-weighted. Feeding a starving orphan creates 0 economic value because the orphan has no money, but figuring out how to merge companies into a monopoly creates extreme amounts of economic value by way of making rich investors even richer.

Re:Britain’s statisticians fix a blunder and find a bigger e... by tomrod on Tuesday September 05, 2023 @03:51PM (#37396887)
> 0 economic value

Economic value is not only distinguished as economic measurement. This is why utility theory and revealed preference theory exist.