"A farmer grows some grain, and wants money. A consumer is hungry, has five dollars, and for some reason has a hankering for unprocessed wheat. A bushel of wheat is worth more than five dollars to the consumer, and five dollars is worth more than a bushel of wheat to the farmer. They trade, and each is happier - real economic value has been created."
More accurately, real natural value has been destroyed in order to create "economic" value. By farming for the last 10K+ years humanity has destroyed (desertified) around two billion hectares of formerly climat... (read more)
"A farmer grows some grain, and wants money. A consumer is hungry, has five dollars, and for some reason has a hankering for unprocessed wheat. A bushel of wheat is worth more than five dollars to the consumer, and five dollars is worth more than a bushel of wheat to the farmer. They trade, and each is happier - real economic value has been created."
More accurately, real natural value has been destroyed in order to create "economic" value. By farming for the last 10K+ years humanity has destroyed (desertified) around two billion hectares of formerly climat... (read more)