What is Subjective Value?

George Mason University Professor Don Boudreaux explains the concept of subjective value as it relates to economic thoughts.

In a free society and without coercion, if we did not value things differently, trades would not take place.  When you value something enough to purchase it, you are demonstrating subjective value.  You are valuing the good or service more than you value your stored work (money).

This is another great video in the Learn Liberty series.

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About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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