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.’’’
Read more about this topic: Social And Psychological Value Of Money
Famous quotes containing the word money:
“I pray we are still a young and courageous nation, that we have not grown so old and so fat and so prosperous that all we can think about is to sit back with our arms around our money bags. If we choose to do that I have no doubt that the smoldering fires will burst into flame and consume us—dollars and all.”
—Lyndon Baines Johnson (1908–1973)