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Is this not a "highest and best use {of knowledge}" argument.
Real estate is normally appraised (valued) based on its use.
Real estate with a "gasoline station" located on it, could be very
useful (valuable) to a company that retails gasoline, but gas spills and
EPA clean up liabilities might render the land itself unuseable to most
other users. Still its land, fixed in location.
Do the dimensions of knowledge include utility.
Is it utility or knowledge that creates value?
On Tue, 18 Jul 2006, Colin Muller wrote:
> Michael Kay wrote:
> > I would argue the opposite to #7. Everyone knows that Paris is the
> > capital of France, so how can this information be valuable? Not many
> > people know Bill Gates' credit card number: this information therefore
> > has much higher value.
>
> Doesn't this depend on whose shoes you're standing in?
>
> >From the point of view of any individual reader other than Bill Gates
> and his nominated card holders, knowledge of his credit card number is
> either valueless or of enough value to buy a jail sentence. So that's no
> more valuable (and potentially of more negative value) to the individual
> than the knowledge about Paris. From the point of view of Bill Gates and
> his nominated card holders, yes, the card number has high value.
>
> >From the point of view of any individual reader, the Paris information
> may not have high value, but from the point of view of Paris, it does:
> it's part of a set of information which makes Paris the world's most
> popular tourist destination and France one of the world's top foreign
> investment attractors. I'd be very surprised if this does not bring in
> more Euros per annum than Bill Gates can spend on his card.
>
> Colin
>
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