DSimon comments on The Cambist and Lord Iron: A Fairy Tale of Economics - Less Wrong

33 Post author: Alicorn 19 December 2010 02:05AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (38)

You are viewing a single comment's thread. Show more comments above.

Comment author: DSimon 22 December 2010 12:53:43AM 1 point [-]

It's strongly implied throughout (especially in the passage about the two sons) that the 'value' here is one being assigned by an independent observer, not by either the king or the prisoner -- namely society.

Yes, and this is also backed up by the resolution to the first story: the exchange rate for the guilders was the most valuable things they could be traded for on the market.