Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

Hot take on economics 

@freakazoid So, dynamics can turn up in various forms. I've tried (unsuccessfully) to catalogue the in the past.

There's fiat or imposed value, as with coin. Also with transjurisdictional standards, such as divorce law and shipping registries ("flags of convenience"). Whatever the *minimum* acceptable *somewhere* is, is acceptable *everywhere*.

There's effective perceived value -- Mencken's "Brayard", or consumer technologies, or bicycles.

@o @woozle

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@freakazoid The limit there isn't one that's externally imposed, it's what the *minimum viable consumer* can effectively sense. It's why, generally, mass-market anything is crap, from a power or elite user standpoint.

That's my "Tyranny of the Minimum Viable User":
old.reddit.com/r/dredmorbius/c

There are a few closely related cases: highly variablel goods, and highly tailored goods.

Variable goods, especially skilled labour / high-skill jobs create problems on both sides of ...

@o @woozle

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