Economic subjectivism
From Wikipedia, the free encyclopedia.
http://en.wikipedia.org/wiki/Economic_subjectivism
Economic subjectivism is the theory that value is a feature of the appraiser and not of the thing being valued. That is, things do not have inherent value, but have value only insofar as people desire them.
Globalization
http://en.wikipedia.org/wiki/Globalization
Globalization (or globalisation) in its literal sense is a social change, an increased connectivity among societies and their elements due to transculturation; the explosive evolution of transport and communication technologies to facilitate international cultural and economic exchange.
Chief Seattle's Thoughts
http://www.kyphilom.com/www/seattle.html
How can you buy or sell the sky, the warmth of the land? The idea is strange to us.
If we do not own the freshness of the air and the sparkle of the water, how can you buy them?
We know that the white man does not understand our ways. One portion of land is the same to him as the next, for he is a stranger who comes in the night and takes from the land whatever he needs. The earth is not his brother, but his enemy, and when he has conquered it, he moves on. He leaves his father's grave behind, and he does not care. He kidnaps the earth from his children, and he does not care. His father's grave, and his children's birthright are forgotten. He treats his mother, the earth, and his brother, the sky, as things to be bought, plundered, sold like sheep or bright beads. His appetite will devour the earth and leave behind only a desert.
Economics
http://en.wikipedia.org/wiki/Economics
Concepts from the Utilitarian school of philosophy are used as analytical concepts within economics, though economists appreciate that society may not adopt utilitarian objectives. One example of this is the idea of a utility function, which is assumed to be the means by which individual economic actors decide what makes them "happy" and what decisions they make in pursuit of that happiness.
Utilitarianism is both a theory of the good and a theory of the right.
As a theory of the good, utilitarianism is welfarist, holding that the good is whatever yields the greatest utility --'utility' being defined as pleasure, preference-satisfaction, or in reference to an objective list of values.
As a theory of the right, utilitarianism is consequentialist, holding that the right act is that which yields the greatest net utility.