A weblog that catalogs what's shaping the thinking at the DSB Policy Institute.

Wednesday, September 08, 2004

Al Gore: What the Market Can't Price

Al Gore: "One consequence is that there is an emergent triumphalism among market fundamentalists that has assumed an attitude of infallibility and arrogance that has led its adherents to be dismissive and contemptuous of values that are not monetized if they don't fit into their ideology ... Abraham Maslow, best known for his hierarchy of needs, had a dictum that if the only tool you use is a hammer, then every problem begins to look like a nail. Translating that into this discussion: If the only tool you use for measuring value is a price tag or monetization, then those values that are not easily monetized begin to look like they have no value."

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