ABSTRACT
One of the most fascinating mechanisms in economics is the way in which the market can make us all wealthier. This mechanism of wealth-production is based on the presupposition that the value of objects and services is dependent on the desires of consumers. The price-mechanism shows that the well functioning market is always right in assigning value to objects and goods. Market-rightness is dependent on consumer-rightness. The argument from intrinsic value says that anyone who claims that something has its value as a result of the interest consumers take in it is turning everything that we regard as valuable into an instrument in the service of preference-satisfaction or the production of pleasurable mental states. Mixed goods are examples of things which have both use-value and inherent value. Subjective values are values which are fully defined in terms of the peculiarities of the perspective of a subject.
