Value is an important concept, although amorphous in nature, it forms a central part of our decision-making every day. It is the lens through which individuals allocate time, importance and worth to the people, “things” and activities in our lives. What is valuable to me, may not be valuable to you, and doesn’t necessarily reflect what is valuable to communities or populations at large.
One central role of the economy is to perform this translation, taking value from a broad and deeply personal ideal to one that can be globally understood and applied. The universal language through which economic value […]
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