how does systemaccounting define monetary value?


to value is to choose

though these words refer to the same action, value* refers to its measure

the etymology of value has french people using it to judge or equate worth, and this definition persists today since choice is the consequence of intellectual measurement, or judgement

when someone sells a bottle of water for $2.00, then turns around and buys a pen for $2.00, their actions are informing the market they judge the value between a bottle of water and a pen to be zero

someone accustomed to only using the word "choice" in their vocabulary may more likely identify the distinction between a bottle of water and a pen (they're two different objects), but to one who is familiar with the concept of value, there is no difference

value is the amount of work done a human chooses to receive while accounting for the amount of work done they must transmit to another to obtain it

for example, “to have this person choose to supply some work done for me, i must choose to supply some work done—as chosen by them, or someone else”

value quantifies choice, not work done

however, choice becomes economically optimal when informed by the measure of work done it causes (physically rational)

after forming the habit of measuring “mass and energy” whenever the words “goods and services” appear†, relating work done to both goods and services will no longer be difficult because i) mass unquestionably performs work by supplying resistance (e.g. you rest comfortably on your sofa since it supplies a fluffy resistance to the acceleration of your body), and even more fundamentally, ii) mass–energy equivalence


*note: "monetary" is not a real word, but meaningless sophistry used to conceal one's inability to distinguish i) capital from property, ii) expected value from measured value, and iii) science from a consensus fallacy

note: measuring the value of a good or service requires dispensing with the lazy intellectual process overemphasized & exploited by "branding". branding adds intellectual friction by persuading people a difference exists when there either isn't any, or the difference is trivial

Was this helpful?