As opposed to your comment, which lacks the math.
Could you point to harder evidence on the subject, from a harder schience? Or are you claiming that there has been no real science done on the subject?
Could you point to harder evidence on the subject, from a harder schience? Or are you claiming that there has been no real science done on the subject?
Indeed, understanding that money is just a means to Utility is very important to understanding economics in general, especially when you start getting into macro topics like Inflation where the value of money fluctuates. And any economic analysis which hides important costs or benefits (like Values) off the balance sheet is bound to produce nonsense results.
Perhaps if you'd taken an introductory course in the topic, you would have been disabused of these notions. Cute straw-man, though.
I could imagine you saying "Illegal immigrants are bad for my family." Then I would ask how you know. The best way to know this is economics.
Economics does not override my values, it tells me how I should act on my values. It will never tell me that deathcamps are okay, because my values tell me that they are not.
But my values also tell me that I would like as many people as possible to not worry where their next meal is coming from. Economics is the best tool I know of to find out how I should act on those values.