Quote:
Originally Posted by d-ray657
I reject the proposition that market provides the only appropriate measure of value. I love music and I love sports, but I don't believe that rock stars or sports stars (or movie stars or bank presidents) provide the same intrinsic value to society as teachers, firefighters and cops. How much has Charlie Sheen contributed to our standard of living?
Regards,
D-Ray
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The market is the most efficient method of determining value. I could hang a $10000 price tag on my 1998 Olds Bravada, but it's not likely that the market would support that price. I could also hold out for a $100000 per year job as a short order cook, but I think I'd be waiting a long time before anyone would hire me.
Now, I can got to work for the gov't and pull down $60000 as an Asst District Attorney. I may find that from time to time I'm opposed by counsel that earns twice or more than my annual wage. Does that make the gov't and their pay scale wrong, or is the free market wrong for allowing the other attorney to make more?