PRICE, n. Value, plus a reasonable sum for the wear and…
“PRICE, n. Value, plus a reasonable sum for the wear and tear of conscience in demanding it.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Price is defined as value plus a fair compensation for the moral cost of demanding it.
In simple terms: Price = value + conscience cost.
Key Takeaway
Consider ethical implications of demanding value.
Themes
ethics
economics
conscience
Mood
thoughtful
analytical
Type
philosophical
critical
When to use this quote
- business negotiations
- personal sacrifices
- artistic commissions
Key Concepts
moral cost
fairness
valuation
Questions to Reflect On
- How do you assess the moral cost of a price?
- When is demanding value justified?
A Different Perspective
May be overly abstract for everyday use.