Real Value Economics

Real Value Economics

In these Abundance Culture pages, we use the term Real Value to refer to the real value to human beings of

  • goods
  • services
  • ecosystems
  • environments

Real Value directly meets Human Needs.

Real Value is distinct from modern forms of Abstract Value such as money, stocks, bonds, derivatives, futures, etc. which represent value but whose value can crash in a moment. You can't eat money.

Real Value Accounting includes the total impact of activities, including damage to the environment and/or impact on third-parties. Real Value accounting is based on Win-Win relationships. Real Value Economics is an essential part of Sustainability.

Keeping Real Value ahead of Abstract Value in community structures fosters participation. Excessive focus on Abstract Value tends to foster Win-Lose competition and extreme forms of inequality.