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Human Action, Metaphor, and Money with John Vervaeke (WiM473)
The "What is Money?" Show
Balancing Quantity and Quality in Economics
Economics uses numbers to compress various perspectives into one reliable variable, similar to how science uses numbers to represent different phenomena. However, this method results in data loss, sacrificing quantity for the quality of the story. This approach may not always be suitable as some things, like sacred values, cannot be quantified or priced. Elizabeth Olfield suggests identifying sacred things as those that cannot be exchanged for any amount of money. Anything not considered sacred falls within the realm of economics.
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