Value: Two Types

in our world, as it has developed, under capitalism

1649; Former owner: George III, King of Great Britain, 1738–1820

What is value? It occurs to me what are the two ways in which the word “value” might be used. May I elucidate? Objects might have value, so if an object has “value,” it might be in terms of exchange. That is one way, and... Well. The other category is just plain value — the basic meaning of the word! So, the two categories of value are firstly…