ext_48536 ([identity profile] peristaltor.livejournal.com) wrote in [community profile] talkpolitics 2013-09-11 06:44 pm (UTC)

I acknowledge those two examples work very well for known items of exchange.

They don't work very well for things that have either uncertain value (cost of remediation versus value of crops) or no market value recognized (value of undisturbed landscape in an ecologically sensitive area versus the oil beneath same).

Until your Market God recognizes these things, he's as only good at valuation as, say, One-Eyed Odin is at depth perception.

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