13-1a3a2e7 Values (and also prices—to the extent that value scales can be ascertained only through them) are not concerned with the past

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• 13-1a3a2e8 The capital value—the “price of the good as a whole”—of any good at any time is based on expectations of future rental prices

Related:

• 5-1b1a2d Knowledge is by definition unpredictabledevelop
• On values
  • 7-1b4b5 Any kind of expertise is valuable, and some people will take unexpected action to capture that value such that it will be serendipitous to you
  • 13-1a3a There must always be room for improvement in his value scale—otherwise action would disappear
  • 13-1a3a2d1 Money superimposes direct use-values of things onto a commensurable unit
  • 13-1a3a2d3 Value scales are unified individually—they become more transparent, more measurable, and more comparable to the individual—with money, although never exhaustively
  • 13-1a3b The subjective value theory persists because of the multiverse—because we are fallible
  • 13-1a4 The value of a unit of a convertible factor is set by the value of its marginal product when all its uses are taken into consideration
  • 13-4d1 A good is valued not for itself, but for its service in satisfying the wants of acting individual
  • 13-4d2 There is no objective value
  • 13-4d5 Prices are derived from subjective values
  • 13-8a2b Prices do not exhaust value scales, but value scales can be ascertained only through prices in money economy
• Ex ante and ex post
  • 13-1a3a1a Everyone benefits a psychic profit at the time of exchange (ex ante), but not everyone will benefit from the exchange (ex post)
• Money must evoke the past, but the demand for money lies in the futuredevelop
  • 13-1a3a2e4 Money is demanded and considered useful because of its already existing money prices
  • 13-1a3a2e5.1 Money necessarily evokes prices in the past—in barter economy, this is not necessarily the case
  • 13-8a2 The demand for money stems from fundamental uncertainty about both the future environment and the future-self