FYI: Early definitions of value were tied to gold, or labor, or land. How we arrived at the current, more limited notion that things are worth simply what someone is willing to pay, and its arguably pernicious effects, are the subjects of an elegant book by the economist Mariana Mazzucato, chair in the economics of innovation and public value at University College London.
Regards,
Ted
https://www.barrons.com/articles/the-downside-of-shareholder-value-1535571901
