Unit 1
The Four Kinds of Exchangeable Value from Relativistic Pricing
by Juan
2 min read
279 words
Table of Contents
The previous section explained that exchangeable value has different perspectives and scopes, as relational pricing.
We began with a bilateral exchange, as:
- buyer
- seller
We also introduced use values, cultural values, sentimental values, etc. These can be regarded as either personal or societal.
- The personal values are derived from the nature of the person-organism or individual soul
- The societal values are derived from the nature of the society-organism or the soul of society
| Valuation | Source |
|---|---|
| Buyer or Demand | Personal |
| Seller or Supply | Personal |
| Buyer or Demand | Society |
| Seller or Supply | Society |
This leads to the 4 kinds of exchangeable value:
| Price | Perspective | Scope |
|---|---|---|
| 1 Nominal Price | Buyer | Personal |
| 2 Real Price | Seller | Personal |
| 3 Natural Price | Buyer | Social |
| 4 Market Price | Seller | Social |
This can also be rearranged according to viewpoint.
| Perspective | Personal | Society |
|---|---|---|
| Subjective and Variable (Buyer’s perspective) | 1 Nominal Price (value in currency) | 4 Market Price (value to the buyer) |
| Objective and Natural or Invariable (Seller’s perspective) | 2 Real Price (value in grain or labour) | 3 Natural Price (value to the seller) |
Economics
Economics, on the other hand, has no concept of Real and Natural Price because it has no concept of society as a single entity.
- It purposely rejects the importance of society because it enshrines selfishness, as a result of being dominated by the Negative Force.
- This Negative Force also facilitates division, crudity as materialism, war, conflict, racism, etc.
To pursue selfishness, Economics teaches:
- arbitrage
- profit maximization
- finance and money-only exchange
- private sensory pleasures.
As a result, it only has:
- economic value (nominal price)
- market value (market price)
| Economics | Personal | Society |
|---|---|---|
| Subjective and Variable | Nominal Price (value in currency) | Market Price (value to the buyer) |