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Price isn't the only thing that dictates value


yes it is


If it is then a $500 refrigerator would have the same value to an Inuit as a $500 heater.


You get no value from the free air you breathe?


One of the underlying assumption of trade is that you both (tend) to gain value in transactions. One party wants the money more than they want the item, and the other party wants the item more than they want the money. If the item was worth the same to both parties, then there'd be no reason to swap.


Market value [0] ≠ value.

[0]: https://en.wikipedia.org/wiki/Market_value




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