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You're probably right. It's hard to pin down what's meant by value though. To an economist it's economic contribution, so it becomes a tautology to say people
by rfrey 13y ago
You're probably right. It's hard to pin down what's meant by value though. To an economist it's economic contribution, so it becomes a tautology to say people who make more money or build bigger companies create more value.
It gets more interesting when the definition of 'value' is less technical and more common: providing some benefit or capital-g-Good to society. But those discussions are not well conducted over the internet, or anywhere in fact where scotch whiskey is unavailable. And in any event, most people would probably agree THAT definition of value is also unconnected to wealth.