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I = S - M

The modern way of thinking about economics has been I = M - S Where I is the I as in me, M is what is 'mine' and S is what ...

11/24/10

Buying and selling create relationships. If we think of the value inherent in the transaction between the person selling and the person buying in terms of what I call dignity value, we must take into consideration not only the satisfaction that the exchanged item produces for the buyer and the surplus created for the seller but also even more importantly the quality of the relationship created between the two. Over time commerce has the power to create rich and complex webs of interaction and inter-dependence. These themselves contribute to the value of what is exchanged.

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