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Frank Krygowski <frkrygow@sbcglobal.net> writes:I'd say the Invisible Hand could tell based on what a person is willing to pay. We _needed_ to have a heating system in my house, and would have added one if the house somehow did not have one. We (or rather, my wife) _desired_ a fireplace as well; but we'd never have paid to install one.
On 4/9/2024 4:41 PM, Radey Shouman wrote:What is the difference between a need and a desire? Nothing, as far asFrank Krygowski <frkrygow@sbcglobal.net> writes:>
>On 4/8/2024 2:08 PM, Radey Shouman wrote:It's funny how needs become "real" only when they can be satisfied.Frank Krygowski <frkrygow@sbcglobal.net> writes:>
>On 4/5/2024 12:36 PM, sms wrote:That's just silly. Do bicycles fill a real need? If so, why did itWhat would be nice is a higher-end battery powered light that could>
be charged with a dynamo, and operate at lower power directly from
the dynamo, but there is no such animal.
ISTM that the market generally finds a way to fill almost all real
needs. If such a thing doesn't exist, it's probably a signal that the
benefits are too minor to make it marketable.
take millennia for the market to produce them?
Are you serious? The answer is blatantly obvious: Because the science
and the technology were not yet present to allow manufacture of
bicycles.
I'm not sure what the alternative to "real" is, maybe "fake" needs?
Maslow claimed there was a hierarchy of needs, from basic food and
shelter on up to less pressing desires. They're all real, but some are
more easily deferred than others. Markets provide solutions for needs
when money can be made by selling them; that seems an odd way to define
reality.
I think the market can be a useful tool to evaluate needs, albeit not
a perfect one. This is part of the concept, or maybe a corollary, of
the "Invisible Hand," is it not?
the invisible hand can tell.
Your "if" points to an extremely hypothetical point. "If" there's a parallel universe where we can observe that situation, please show me.But did people "need" bicycles in, say, 1750, when they wereBut if they had become available, with the roads on which to use them,
impossible? I'd say no. Those people had other needs that were great
enough that they made the need for personal human powered mobility
(beyond walking) fairly negligible.
people would have "needed" them quickly.
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