Directly value only things exchanged by transactions
The dominant working theory of value today is market theory: A thing is worth what someone will pay for it at the time. Markets are transactions, so transactional exchange of money pegs value. By implication, anything not exchanged has no value (not literally true of course).
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Compression Thinking »Compression Thinking
Compression vs. Expansion Thinking »Compression vs. Expansion Thinking
Expansion Economics »Expansion Economics
Systems Based on Markets »Systems Based on Markets
Directly value only things exchanged by transactions
Ephemeral values »Ephemeral values
Excludes "external" costs »Excludes "external" costs
Excludes anything that did not happen »Excludes anything that did not happen
Gödel's Theorem »Gödel's Theorem
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