View Single Post
  #14  
Old 07-11-2006, 02:03 PM
wavelandscott's Avatar
wavelandscott (Scott)
Plays well with others!

wavelandscott is offline
 
Join Date: Nov 2004
Location: Ridgefield CT USA
Posts: 3,531
I also tend to take the "capitalist" view on transactions...astronomical or otherwise I see no difference.

Value (real or imagined) is in the eye of the buyer/seller...unless there is some type of coercion involved then I assume that both parties were "happy" (at least satisfied) with the original transaction...as an aside from memory the unit of measure in an economic transaction (besides money) is called "utils" short for utility.

If someone then later makes another transaction and also gains more "utility" (utils/happiness/money) then hurray for free trade...

So while I am against and would feel bad if someone was "coercied" into making a bad trade, the act of buying and selling does not trouble me...
Reply With Quote