The Value Economists Create
The idea struck me as a surprise: Poets create aesthetic value. What value do the economists create? In simple words, what’s the purpose that the economists serve? I shared the idea with a number of friends including a few proper economists. They did not like it. They rather took it as something questioning the rationale of their profession. Sort of an existential affront. To me, it is a serious question. The intuitive proposition needs to be elaborated. And that happens so often: we elaborate things afterwards. Poets, artists, etc, do create value, that is, aesthetic value. They create values such