A Quote by Thomas Sowell
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
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Perhaps the most significant thing a person can know about himself is to understand his own system of values. Almost every thing we do is a reflection of our own personal value system. What do we mean by values? Our values are what we want out of life. No one is born with a set of values. Except for our basic physiological needs such as air, water, and food, most of our values are acquired after birth.
I am a socialist and at the same time clear about a certain number of values ... family values, environmental values, the value of succeeding at school, the value of merit and respect for work. To me these are not incompatible with being of the left.
One of the great arts in living is to learn the art of accurately appraising values. Everything that we think, that we earn, that we have given to us, that in any way touches our consciousness, has its own value. These values are apt to change with the mood, with time, or because of circumstances. We cannot safely tie to any material value. The values of all material possessions change continually, sometimes over night. Nothing of this nature has any permanent set value. The real values are those that stay by you, give you happiness and enrich you. They are the human values.
I look to Islamic ethics to find something that can provide the basis for shared values with other traditions, and ultimately universal values. This ties into the point I made in a book, 'The Quest for Meaning', that the only way for values to be universal is if they are shared universal values. My main point is, in this quest for value the aim is not to express your distinctness from others, but about being able to contribute to the discussion of universal value.
The current system is organized around financial values over life values. We need to shift that locus of power down to the community level because the financial markets recognize only money and thereby only financial values.
For a variety of reasons, I have always felt myself an outsider. I don't know how to classify myself in economics. I am a loner. I do not like groupthink, which, if anything, has become more important in economics. In addition, a lot of the values I hold are not the mainstream values in the profession.
Solidarity is a beautiful word because it means that you reach out to those who are different from you and who have to cope with different circumstances because we recognize that we all share the same human needs and same values. It is the values that count most of all. The value of freedom of thought, the value of democratic practices, the value of respect for your fellow human beings.
Men of the world who value the Way all turn to books. But books are nothing more than words. Words have value; what is of value in words is meaning. Meaning has something it is pursuing, but the thing that it is pursuing cannot be put into words and handed down. The world values words and hands down books but, though the world values them, I do not think them worth valuing. What the world takes to be values is not real value.
I believed in a number of the E.U.'s core values - the promotion of peace, global trading opportunities, and the values of freedom and democracy. These are areas in which our great country leads the world.
I realized that all my life, my values were based upon typical middle-class American values: hard work, doing good, living well, owning things, following the rules & being the best I can be... but God clearly says, "those are not MY values. I value justice, mercy & humility.
Only on the assumption of belief in the validity of values is the attempt to espouse value-judgments meaningful. However, to judge the validity of such values is a matter of faith .
We believe that what matters most is not narrow appeals masquerading as values, but the shared values that show the true face of America; not narrow values that divide us, but the shared values that unite us: family, faith, hard work, opportunity and responsibility for all, so that every child, every adult, every parent, every worker in America has an equal shot at living up to their God-given potential. That is the American dream and the American value.
A truly empowered woman turns her values into verbs. She understands what she values most, and she takes steps to bring that value to life.
It is essential to understand that the U.N.'s strength lies in its values. The values enshrined in the Charter, the values the U.N. stands for, the values all religions respect.
Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful
Substance is a subspecies of value. When you reverse the containment process and define substance in terms of value the mystery disappears: substance is a "stable pattern of inorganic values." The problem then disappears. The world of objects and the world of values is unified.
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