valitu
Valitu is a hypothetical unit of value used in economic theory and ethical economics to quantify the relative worth of goods, services, or actions. It is designed to measure value independently of money, price, or market fluctuations, focusing instead on usefulness, social impact, and sustainability.
Etymology and concept formation: The term blends elements related to value and worth, and in scholarly use
Definition and properties: Valitu is typically treated as an ordinal measure, allowing comparisons such as whether
Applications: In pedagogy, valuing exercises help students analyze trade-offs without relying solely on price signals. In
History and usage: The idea appears across theoretical discussions since the early 21st century, widely used
Criticism: Critics argue that valitu is highly subjective and difficult to calibrate consistently, risking normative judgments