I am deeply engaged with exploring ideas and theories of
value and how they relate to our system of money and the creation of
wealth and economic development. I have been exploring a concept of
"infinite" value. The goal of this approach, is to get our economy to
recognize that which is abundant but valuable - rather then the
reverse, the economy only valuing that which is scarce.
My classic example is the case of clean air. It is an abundant
resource, but holds infinite value - there is no way we can put a
price on it as without it we are dead and any reduction of the
"value" of this resource (eg. pollution) is a loss of value for all.
Currently our economy only values these type of resources from the
negative side - you can pay for the right to pollute via carbon
credits or fines. This to me is only a band-aid and will not solve
the ultimate problem.