The Riddle of Power

The eunuch rubbed his powdered hands together. “May I leave you with a bit of a riddle, Lord Tyrion?” He did not wait for an answer. “In a room sit three great men, a king, a priest, and a rich man with his gold. Between them stands a sellsword, a little man of common birth and no great mind. Each of the great ones bids him slay the other two. ‘Do it’ says the king, ‘for I am your lawful ruler.’ ‘Do it’ says the priest, ‘for I command you in the names of the gods.’ ‘Do it’ says the rich man, ...

 A Logical Process to Understand True Wealth

I have tried out the following intellectual filtering procedure with both multi-thousand general public audiences and with audiences of only a hundred or so advanced scholars and have never experienced disagreement with my progression of residual conclusions. I proceed as follows: I am going to make a series of analytical statements to you, and if anyone disagrees with me on any statement we will discard that statement. Only those of all my statements which remain 100 per cent unprotected wil...

 Value is Based on Utility, Not Price

The determination of the value of an item must not be based on its price, but rather on the utility it yields. The price of the item is dependent only on the thing itself and is equal for everyone; the utility, however, is dependent on the particular circumstances of the person making the estimate. Thus there is no doubt that a gain of one thousand ducats is more significant to a pauper than to a rich man though both gain the same amount.