View Single Post
Posts: 16 | Thanked: 1 time | Joined on Dec 2009 @ Paris, France
#277
Originally Posted by ysss View Post
Are we evaluating product values by their material costs now?

That a painting is nothing more than a canvas and some tubes of paints?
A painting is indeed nothing more than a canvas and some paint on it. But with a very precise arrangement of the painting.

A random arrangement has very high entropy and worths therefore not much more than the sum of its components.

But a master piece has very low entropy and this is what you pay.

How about a TV show? Just the cost of the reel or recording medium that it's on?
same answer.

Nobody said that marginal cost IS the price of a product. What it does is influencing the dynamic of its evolution.

Last edited by azorni; 2010-03-05 at 06:18.