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Use value is what we value for ourselves. This is the personal perspective.
Exchangeable value is what buyer and seller, or exchangers, value. This is the societal perspective.
Exchangeable value is inherently subjective but is denoted in objective prices which we divide into 4 kinds:
| Law | Price | Purpose |
|---|---|---|
| 1 | Nominal | Utilization - exposes the lack and the need |
| 2 | Real | Specialization - drives action to increase quality and quantity to deal with the lack |
| 3 | Natural | Balance - prevents the crashes that leads to a recurrence of lack |
| 4 | Market | Diffusion - spreads quality and quantity to address the lack |
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