Thursday, January 21, 2010

Value is Creating Time

The concept of "value" fascinates me. I feel like it's one of those ideas people discuss, but do not fully understand. I'm constantly looking for good examples of it. Here's a description of wealth (an accumulation of value) from Ayn Rand's Atlas Shrugged:

"What's wealth but the means of expanding one's life? There's two ways one can do it: either by producing more, or by producing it faster. And that's what I'm doing: I'm manufacturing time . . .

I'm producing everything I need, I'm working to improve my methods, and every hour I save is an hour added to my life. It used to take me five hours to fill that tank. It now takes three. The two that I saved are mine . . . that's the savings account I'm hoarding."
The description is incomplete, but it's brilliant.