Web Sites For Sale

[sarettah]

Originally posted by cj@Oct 16 2004, 05:26 AM
>hard to find a buyer at what a really good old linksite like that is actually worth though

something is only worth what a buyer is prepared to pay!

"Value in economics is a realtionship between an individual and a thing or a service. It is a personal relationship that expresses how much a particular individual desires a thing or a service." (Robert Heinlein 1939)

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Heinlein on value from "For Us, The Living:"

"Economic value of a thing or a service approximates the average of the summation of the personal values placed on the thing or service by the individuals who constitute the consuming public. Value plus purchasing power in the hands of the consuming public constitutes effective demand. Price is a function of supply and demand. Value may be expressed in dollars and cents through this complex functional relationship, but value is not price, and is not a measure of work-hours, it is a word used to express the desire of an individual to possess a thing or service. I am not giving the word a new definition; I am simply stating explicitly
the observed fact that such is what people mean when they refer to value. Sale takes place when the value to the prospective buyer is higher than the value to the owner. Note the difference between Marx's idea of value and what I have expressed. Marx attempts to measure value by the amount of labor extended. Yet it is an obvious fact in the real world that an inefficient, careless, or unimaginative worker can slave for hours to produce an article practically worthless that the public wont' buy, valueless. An intelligent skilful inventive worker may turn out in a short time an article that the public will snap up at once at a high price. Which has the greater value?"