Social and Psychological Value of Money - Interpersonal Value of Money

Interpersonal Value of Money

Money became a symbol and medium of storage and exchange for the individual’s productive energy. Socially people relate to one another, seeks advantage from exchange and mutuality, look to others for what they do not have or cannot obtain by themselves. People value money because they value the benefits of exchange. By exchange, productive human energy becomes a force for constructive human interactions capable of fulfilling a wide range of human needs. People value money because it enables them to enjoy the fruits of other people’s labor. It acquires interpersonal or transactional value, because it enables people to relate to one another constructively by exchanging goods and services. The value of money issues from the fact that it is a social product. ‘’’Money is a symbol for the value of relating positively to other people for material exchange.’’’