fiat money has value based on intrinsic worth.
fiat money has value based on intrinsic worth.
what type of money has value based on intrinsic worth?
fiat money
Na
Na
through the apostles they also encountered the analytic philosophers g. e. moore and bertrand russell who were revolutionizing british philosophy at the start of the 20th century. distinguishing between ends and means was a commonplace of ethics, but what made moore's "principia ethica" (1903) so important for the philosophical basis of bloomsbury thought was moore's conception of "intrinsic worth" as distinct from "instrumental value". as with the distinction between love (an intrinsic state) and monogamy (a behavior), moore's differentiation between intrinsic and instrumental value allowed the bloomsburies to maintain an ethical high-ground based on intrinsic merit, independent of, and without reference to, the consequences of their actions. for moore, intrinsic value depended on an indeterminable intuition of good and a concept of complex states of mind whose worth as a whole was not proportionate to the sum of its parts. for both moore and bloomsbury, the greatest ethic goods were "the importance of personal relationships and the private life", as well as aesthetic appreciation: "art for art's sake".
bloomsbury group