KA-POW! #35 - Rajsic

This week's “Kick-Ass Post O’th’ Week” (KA-POW) goes to Predrag Rajsic for “Measuring the Immeasurable” :

Wealth is a meaningless term without the concept of value. If we know that the purpose of human action is to satisfy one's needs and wants, then the material wealth of two different individuals (let alone abstract entities such as nations) cannot tell us much about the satisfaction of their needs and wants. Wants and needs are subjective, unknown, and immeasurable by an outside observer.