Money and value judgements
Posted by Cecilia under: Economy; Society .
Our society has used money for thousands of years. In ancient times money was created as a medium between two parties who wanted to trade goods. Instead of trading oranges for potatoes people used the newly invented money as kind of intermediary.
But the rise of money also raised the question of value. Which was more valuable, three oranges or three potatoes? Economic assessment of shortages and other factors established a hierarchy of values for all kind of goods.
Let’s fast-forward to today. Money evolved from a simple method by which people could trade dissimilar good to a means of valuing. With our money we express values. Society took this concept one step further: with money we also express the value of people. Earnings and wages express the value of professions and the value of workers.
In a society of esteem there is no money. The hierarchy of values no longer exists. A society of esteem gives every person and every profession the same esteem. When everybody gets equitable esteem they work for the well-being of the whole society and each single citizen. Money isn’t needed for placing value on things, professions and people because they all receive the same esteem.