"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Monday, August 17, 2009

Exchange value

Exchange value on a right, the importance of what I can get by handing over the property on such a right, is the one social link which can keep peace among selfish people. (The only other social link is love: the disposition to undertake human actions just for the sake of contributing to the happiness of the other.)

Exchange value can be improved by others making better offers. This is how the efforts by others to improve their productivity benefits me.

No comments: