Self-Esteem And Inflation

“The Value, or WORTH of a man, is as of all other things, his Price,” says Thomas Hobbes, “that is to say, so much as would be given for the use of his Power: and therefore is not absolute; but a thing dependant on the need and judgement of another…. And as in other things, so in men, not the seller, but the buyer, determines the Price. For let a man (as most men do) rate themselves as the highest Value they can; yet their true Value is no more than it is esteemed by others.” In such a market-pricing approach to valuation, or Honouring, of people, the fashionable practice of sacrificing all scholastic considerations to building up the “self-esteem” of students might correspond to the printing of “fiat money”; that is, paper that the government says is money, but which no other players deign to treat as such.

Posted on August 14, 2011 at 14:42 by Hugo Grinebiter · Permalink

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