Tag: subjective value
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The Value of a Person Versus the Value of Labor (Part 4)
(Part 1) (Part 2) (Part 3) (Index) I concluded my last post with this summarization: So summarizing to this point, human beings are made in the image of God. As such, we have intrinsic value apart from any economic consideration. Our labor and the goods we produce have instrumental value and that relative value is…
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The Value of a Person Versus the Value of Labor (Part 3)
(Part 1) (Part 2) (Part 4) (Index) Human beings were made in the image of God. Each person has intrinsic value. Our value is unrelated to the economy. But goods, resources transformed from their natural state to a more useful state, have instrumental value. The same is true for the labor used to make them.…
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The Value of a Person Versus the Value of Labor (Part 2)
(Part 1) (Part 3) (Part 4) (Index) I began this essay by noting that humans have intrinsic value. However, goods (and the labor entailed in making them) do not. Goods and labor have instrumental value. Let us explore this in more detail. Two clarifications before we begin. First, I want to distinguish between goods and…
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The Value of a Person Versus the Value of Labor (Part 1)
(Part 2) (Part 3) (Part 4) (Index) On what basis should people be compensated for their work? Economists say the value of labor is a function of supply and demand. Wages should correspond to the economic value of work. Theologians often object. (Note: We are all theologians, but here I'm referring to those formally educated…