Money Money Money

Am sure most of you would have heard of some quixotic individuals going about preaching that - "Money is of no concern to me" (me inclusive :">). Many a time it is regarded as evil to want for money, when usually their intended meaning was 'quick money' regardless of the means or consequence.

Here are some quick thoughts that ran through my mind when I check up the meaning for the same. Probably just a difference in choice of words to express it, nevertheless.


What does money represent?

Need is the fact I'd put foremost in the list. Guess there is nothing new about this, for economics primarily revolves around the maxim Demand & Supply. Since this is too conspicuous I leave this here.

"The value of goods and services" is the most widely accepted definition, simple and comprehensible for most people in their senses. There are some subtle implicit links from the above some of which I failed to notice till today.

In a fair competition, later factor directly relates to the Skill and Time invested by the supplier / provider respectively, though the former factor determines the importance of both firsthand. This is where the industry gets broadly classified into Commodity (or products sector valued by the quality endowed by skilled personnels) and Solutions (or services sector driven by the thoughput per person-hour with little or no stipulation over their skill).

Ultimately this is the value we associate with individuals - contractors (organizations) and contractee at different levels. This post - 'The worth of a job' deals with the same with a deeper perspective, the subtlties of which matter I'll skip here.

So money grossly put is a quantification of the value of an individual to his/her society. No wonder this is one concept which has withstood the toll of time, though civilizations which failed to understand this well have succumbed to others.

Fortunately we live in an era where the world is flat leading to an all time high transparancy of one's worth. Unfortunately this fairness is something many can't compete with and resort to their shrewd means of scheming, squabbling and even deceit for money. Guess thats skill again :), for its money that is widely considered a measure of an individual in society (of course, but for exceptions).