Hot take on economics 

Hot take on economics 

Show thread

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

1/

@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

2/

Sign in to participate in the conversation
mastodon.cloud

[Notice Regarding the Transfer of the mstdn.jp / mastodon.cloud Services] We have received several inquiries showing interest in a transfer following the announcement of the end of the mstdn.jp and mastodon.cloud services. As a result of subsequently evaluating the situation and making preparations, we have decided that the corresponding services will be transferred to Sujitech, LLC. on June 30. Thank you.