The value of all things contracted for, is measured by the…
“The value of all things contracted for, is measured by the appetite of the contractors, and therefore the just value is that which they be contented to give.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The worth of contracted goods is determined by the contractors' appetite, implying that value is subjective and tied to willingness to give.
In simple terms: Value equals contractors' appetite.
Key Takeaway
Recognize subjective value.
Themes
economics
subjectivity
contract law
valuation
human desire
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- business negotiations
- market pricing
- personal budgeting
Key Concepts
microeconomics
behavioral economics
Questions to Reflect On
- How do you assess true value?
- When does appetite distort fairness?
A Different Perspective
Subjectivity can lead to exploitation.