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Roaring hi friend
But you see, our economist use and idiotic definition of 'value', one that makes whatever you are willing to give much for necesarily more valuable. If the hypothetical American, could guess another European is willing to hand him more and more tons of 'biscuitelike entities' for only a small amount of gold. We say, according to the idiotic definition, the American will now value the gold all the more. Right? Wrong! What he values is and always remains to be the 'biscuites' if we define 'value' the right-headed way.
VALUE: The proterty of a thing that makes it neaded or desirable.
Like in many cases, we don't embody the notion of 'how much' right at the CONCEPTUALIZATION, especially if they are adjectives or nouns. These are not purely mathematical concepts.
Next, notice that in the latter definition, both the 'observer' and the 'observed' makes meaningfull the notion of value. In the other one, that dares you to count coins at the conceptual stage, 'value' is solely the property of the 'observer'!! If people get stupid with regard the role of their left eye, it suddenly turns valueless! This 'value' manipulated from remort without touching the entity in question reflects solely ourselves (including our level of ignorance), not the things we are valuing. It is 100% SUBJECTIVE. In the former, moronic definition, a valueless thing as papers stones etc can be turn great value by merely making them scarse!
Ask a mathematician what 'paralel lines' mean and he dares you to travel to infinity to check if two lines are paralel! There is no problem with such! He is faith fully doing his job! He knows not of 'what is'. Ask 'what is' and his brain is busy wonderng 'how far'! Eventually, he arrives at idiotic notions like 'parallel lines can cross' some where far enough! He will tell you that if he has twelve oranges in his mouth and twelve mangoes in the mouth, then he has 24 fruits in the mouth! No problem with such. He is only interested with 'how much'. He has no interest with 'what is' as in 'what is an orange, a mouth etc'. No problem with such! Problems comes when we hire such loonies obviously divorced from reality to answer for us 'what is' questions!
The shell gamer of idiotic economics is trying to convince you that there is no meaning of 'value' when there isn't need to exchange things!! He is daring you to do some business to understand value! Make sense? How much are you willing to offer for bread? If I trap bill gates somewhere to starve, he will be willing to pay all his money for a bite! This notion of 'value of bread' can be manipulated without touching the bread!!
Esentialy, the guys are realy not defining 'value'. They are trying to 'prove' it!! They are busy in the next step: HOW MUCH coins can I get from the bread? He is realy not interested with what 'value' truely mean!