simplifying needs and wants to the dimension of their value

alex16th July 2026 at 3:44am

There are no such things as needs and wants. It's therefore pointless to argue about the difference or make lists of needs and wants. The problem is that needs and wants don't fit on two different lists. They fit on one list where they're ranked according to value rather than price (see Economical). Needs and wants are different in degree, not in kind.