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Comments about ‘Mary Barker: How do we assess value?’

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Published: Thursday, July 17 2014 12:00 a.m. MDT

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marxist
Salt Lake City, UT

"So we have potentially conflicting measures of value, which also include many at the other end of the economic spectrum as well — those who produce low market but high intrinsic value."

I have taught environmental economics for a number of years. I have learned that economics does not preclude non-monetary measures of value. People should feel free to value things as they wish, even if such values do not make monetary sense. Consider wilderness for example. Its value cannot be calculated monetarily because it is irreplaceable. Or for another example, how does one calculate the value of one's child?

But the market's monetary values intrude. Consider China. Chairman Mao brought on the Cultural Revolution in the 1960's in an attempt to forestall (a failed attempt) the return to capitalism. The message of the Cultural Revolution was for the "common good" and being of service to one's fellows. Sound familiar? A mere twenty years after the Cultural Revolution China had a raging capitalism with environmental destruction to match.

I have decided that I value the following things in order 1)my family 2)protecting the natural world and 3) some degree of equality.

ordinaryfolks
seattle, WA

I long to hear conservatives defend Soros. He made money in the financial arena, which is the alpha and omega of the Republican Tea Party philosophy of free enterprise. Unfortunately for the RTP'ers, he is socially liberal, which disrupts their story line.

Now, I think hedge funds and many financial types have ruined our economy and give us no intrinsic value. They add nothing, and in reality their business is really high stakes gambling. And for this gambling we reward these vampires with tax rates below that of wage earners. It is disgusting.

Be consistent RTP'ers, defend Soros.

george of the jungle
goshen, UT

You, me, give, God, love, beauty and earth are the words that I learned to be value. Compassion gratitude and justice. I think humility wont pay the bills but I think it gives me the job so I can. Humility isn't thinking any less of your self. It's thinking of yourself less.

2 bits
Cottonwood Heights, UT

Are we talking about the value of STUFF... or the value of PEOPLE? They are different IMO.

It sounds like we are mostly talking about stuff. With stuff... the value is highly subjective, and the value is determined by the buyer (not the seller). The value of the object depends on what it's worth to the person who wants to poses it (and highly influenced by scarcity).

If I don't want a Ferrari... A Ferrari is not worth $250K. But to some... it is.

Just because somebody thinks his Ferrari is worth $250K... it's not actually WORTH $250K until somebody agrees and is willing to pay $250K for it.

The same goes for your house, or a hamburger. It's not worth the price until somebody's willing to pay that price. If you don't agree on the value... you wouldn't buy it!

If you can't sell hamburgers at your price (because customers don't value it that highly)... you will have to lower your price.

=======

Assigning value to people is weird. Rock stars, sports stars, and movie stars are highly valued. While Fire Men, Police, and Teachers are not... kinda backwards IMO.

Hutterite
American Fork, UT

I'm not sure what value is. Our so called 'sacred' literature isn't it, though. That stuff makes less sense today than the grimm fairy tales.

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