Use Value Versus Exchangeable Value

The Previous chapter explained the 2 perspectives in society:

1. Personal
2. Societal or Collective

This leads to 2 kinds of perspectives of economic value:

1. Use Value
2. Exchangeable Value

Use value is regulated by personal budgeting which involve personal arithmetic and algebra.

Exchangeable value however is more complex as society has a more complex nature than an individual, as it is made up of many individuals.

Morality as Regulator of Exchangeable Value

While the conscience is the regulator for the self, morality is the regulator for society by activating the common interest over the selfish interest.