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Economic Value: A Return to ‘Future’

February 25th, 2011 • 1:59 AM

Economic value depends on context: only with a clear understanding of a viable future goal can present economic activity be valued. Just as there are no physical properties of substances or particles themselves, so too is economic value not found in the object or job itself: it is found in its contribution to the future. The implications of this for the practice of physics and the paradoxes of quantum mechanics are explored.

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