In regards to price and modeling:
I agree that certain types of items are not readily traded for other things. It's hard to buy time with money for instance. But if things have value then things have a price. That price can be measured in dollars normally, but it can also be measured in time or enjoyment or any of a number of other metrics. I believe I'm simply using a more general definition of price and you're using a stricter definition so the argument is mostly semantics.
Plenty of supply and demand models don't use money as a criteria. Switching from dollars to minutes doesn't change the dynamic. That the model is incomplete is true. But there's no such thing as a complete model; that's the nature of a model.
Are you aware of the phrase "sacred values" in decision theory? Paying money a person money can make them less likely to accept an offer?
But that isn't even everything because a mating dance is more complex than simply providing enjoyment or time or any such metric.
I believe I'm simply using a more general definition of price and you're using a stricter definition so the argument is mostly semantics.
I think that's unlikely true given the unattributed Churchill quote that you used.
...That the model is incomplete is true. But there's no such
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