10 ms·
Number of joules that can be extracted from the atoms composing the molecules composing the steel wire it's made of. ...How can you not see this?
by LukeB42 4y ago
Number of joules that can be extracted from the atoms composing the molecules composing the steel wire it's made of.
...How can you not see this?
- deleted 4y ago[deleted]
- jevgeni 4y agoWhat's the physically intrinsic value of an energy extractor then?
- kasey_junk 4y agoYou screwed up the answer here in this classic Uber-commodity based economy (which no actual economist has ever proposed outside of thought experiments). The traditional answer when people go down this path is “what ever the producer and consumer agree the price is based on a currency denominated in joules that can be extracted from an atom”. By doing so you’ve eliminated all forms of value adding capabilities from your economic system. The paper clip is no more valuable than its unprocessed atomic components, which is clearly not how real value is derived (or your currency is completely divorced from value).