People had a simple and natural intuition that the commoditisation of a measurement of value would open the door to trading in unreal assets, and ultimately to a model of finance that would destroy natural restraints and even, potentially, the planet.
The first attempt to incorporate measurement theory into the social sciences also occurred in the 18th century, when Jeremy Bentham, a British utilitarian moralist, attempted to create a theory for the measurement of value.
After a decade in which its prime focus was first the re-engineering of business processes and then the measurement of "value added", the science has turned its attention to the humans at the heart of the corporate machine.
In other words, there are discontinuities in the measurement of value.
That gap was still huge, but it was the closest the two had been in that measurement of value in decades.
Economists and economic policymakers are more concerned with accurate measurement of value added generated by trade.
He went to the staffer and then the first thing was, "What's the price of gold?" And I said, "Gold is very, very important measurement of value".
Not only has evidence been strengthened, but also new evidence is emerging with respect to decision quality and the measurement of values-choice concordance.
That is, for instance, if a subject contributes a measurement of value 4 at a certain time, fails to contribute a measurement at the following time and then contributes a measurement of value 6 at the next time, the missing value in between the two observed ones is imputed by (4 + 6 /2 = 5.
