What is the relationship between utility and value?

Hi Carl — thanks for the question. I suspect our fundamental attitudes about valuation are not that far apart, as we have both come to similar conclusions about that which is “life sustaining” having authentic “value.” I attempt to address this in my consideration of “holistic value,” but that formula also includes human-perceived-utitilty as part of the calculus. Anything that contradicts or undermines holistic value (but nevertheless commands high exchange value) is categorized as having “perverse utility.” There is a brief overview of the concept here: L7 Holistic Value, and here is how I summarize and expand on it a bit in my essay “Reframing Profit”:

“In Level 7, for-profit and non-profit designations can be addressed to some degree via the collectively designated holistic value for a given product or service, as this valuation process will inherently expand or contract potential profitability. How do we arrive at holistic value? In brief we can apply the following formula, which expands slightly upon previous conceptions described in Political Economy and the Unitive Principle:

As part of this process, we can even target the "fulcrum's plane" of ideal nourishment to refine holistic value with objective metrics – metrics which can then be made available to all via the Public Information Clearinghouse.”

Now this essay (as well as what I cover in the Unitive Principle book) is really discussing a transitional state of affairs. It is a compromise that attempts to reconcile human machinations and culture with Nature’s underlying order (as embodied in Integral Lifework’s “multidimensional nourishment” and the unitive principle itself). To appreciate what I’m aiming for here, I recommend reading the entire overview of L7 Property Position. I believe you will intuit what I’m headed with these ideas…

Looking forward to your thoughts Carl.

My 2 cents.

Comment from Carl Leitz: "Brilliant and deep insights here - it's discouraging to realize how much more we need to know just to be able to scratch the surface of what there is to know."

The challenge, I think, is that we are still in the relative dark ages with respect to developing an ethical and egalitarian political economy. Not just in conception, but in the groundwork necessary for implementation. So a lot of fundamentals have to be revisited — and in some cases reinvented. And we can’t always rely on all of the tools or concepts (or language) already in use, because they are…well…essentially toxic. But they are also complex, and well-established. So it’s a bit like saying to the modern economist: “Hey, so we need to stop using leeches. Yes, I know we have been using them for a while, but they don’t really work….” And the reaction is often, I would suppose, not unlike how the “doctors” of the middle ages would have reacted: incredulity and reflexive rejection of the truth. (sigh) So we have a long way to go….


Trackback specific URI for this entry

This link is not meant to be clicked. It contains the trackback URI for this entry. You can use this URI to send ping- & trackbacks from your own blog to this entry. To copy the link, right click and select "Copy Shortcut" in Internet Explorer or "Copy Link Location" in Mozilla.

No Trackbacks


Display comments as Linear | Threaded

No comments

The author does not allow comments to this entry