thomblake comments on Money: The Unit of Caring - Less Wrong

95 Post author: Eliezer_Yudkowsky 31 March 2009 12:35PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (126)

You are viewing a single comment's thread. Show more comments above.

Comment author: Annoyance 31 March 2009 04:49:00PM -2 points [-]

Unfortunately, money is not and cannot be a universal system for representing value. There are some things whose value cannot be summed up by any such system.

Integrity, for example, is proverbially a thing which can be sold but never bought. Its utility comes from its inability to be exchanged for something else and retain its value.

The idea that everything of value can be converted into a generic and interchangeable medium is incompatible with the concept of value itself.

Comment author: thomblake 02 April 2009 11:00:38PM 4 points [-]

Integrity is a virtue. It is defined with respect to a value. Virtues cannot be maximized - they are a mean between extremes.

If you have two goods and think you can't compare them, consider the situation where you have to choose between them.