[OPE-L:4689] Re: value vs potential value

Michael Perelma (michael@ecst.csuchico.edu)
Wed, 9 Apr 1997 08:18:54 -0700 (PDT)

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Is this a semantic question? If I produce a hat, which I think is worth 5
units, but after the sale I realize that it is only worth 4, the value
does not change after the sale; it is prior to the sale as Alan first

To follow Mike L's suggestion all the way would lead us to a subjective
theory of value.
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail michael@ecst.csuchico.edu