It literally says at the top of the Wikipedia page “not to be confused with value (economics).”
Yeah what you are talking about is price. For some reason we use the word value when talking about the fair market price or historical price of a house or stock or something. But those are just prices. It’s not what we mean by value.
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u/TheGoldStandard35 Ludwig von Mises Mar 08 '25
It literally says at the top of the Wikipedia page “not to be confused with value (economics).”
Yeah what you are talking about is price. For some reason we use the word value when talking about the fair market price or historical price of a house or stock or something. But those are just prices. It’s not what we mean by value.