A Theory of Value

Posted on April 2, 2008

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The value of money has to be dynamically connected with the human attention – it hardly exists in itself – so (therefore) this must exist in a form that works culturally as well as materially.

Imagine a culture where gold was worthless.

(The dynamic of ‘finding things interesting’.)

But:

Money is a species of debt.

“If we all pull together.”

How about this: 

Capitalism is based on an idea of us not all finding the same thing interesting.

“Advertising is Capitalism’s drill diamond.”

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Posted in: Economics