Hi All,
I am looking for the literature that supports the argument that social value is more important than monetary benefits in calamity conditions. For example, if one has abundant food (or any basic necessity of life) in post disaster condition, he/she prefers to give away to others as compared to sell it to get monetary benefits. Waiting for your valuable suggestions.
Social value & Monetary benefit must go together .Social values is no doubt important as we are the member of society &
our members of family have their own standing because of our contribution & social value in our surrounding .
As a matter of fact we may possess INTELLIGENCE,SOCIAL MORAL CODE & ETHICS but if we do'nt have a monetary standing it may
indirectly affect our social .
Money is what Money does ,What money does is important & in our social standing & social values importance of money cannot be
overlooked & ignorned .
This is personal opinion
Thanks for your opinion. I also think along those line. However, is there any literature (theory or case study ) available that hold our line of thoughts??
Yes I do believe in this.. Because Social values can not be purchased through money.. It defines your personality and your conduct with others. Social Values are of utmost price..
To investigate this dilema, and come with a veredict, you should read The Human Action from Ludwig Von Mises. In there you will see that Economy can only comes out from human interest, and ultimately from human action.
This means that the benevolence and trust is the basis of the market, from which come out the monetary benefits.
In a situation of disaster, and rebuilding of a society, the first step is always the creation of human bonds, that enhances trust between people. When people become enough trustable, then comes the possibility of a market which brings the possibility a monetary system.
This is a observable fact that you can collect in the history of economy and in a, as you put, a post disaster situation.
In conclusion: monetary benefits demands "social value".
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