Toward a Common Theory of Value | Part Four: Common Need
This series of articles looks at the meaning of value in economics. We are pondering the idea of a thing, a common object. Our guidepost is Aristotle’s division of basic kinds of things into C (commodities as a means to household satisfaction) and M (things as a means to making money). In terms of the human actions involving things, we have identified C-M-C’ (interconnection, cooperation, use value) with the right hemisphere and subjective side of the brain, and M-C-M’ (separation, competition, exchange value) with the left hemisphere and human objectivity.
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