What is value?

We can often translate value to a monetary amount, and then we use that to compare different options or costs. But relative monetary costs are not only decided by relative moral value, but also by market factors.

For this reason, it might be useful to consider pushing forward the idea of a moral currency, like utilons. From the perspective of an outsider it doesn’t feel attractive to so formally declare a moral value calculation, but one could soften the concept. Perhaps it could be softened by making it a noun phrase instead a kind of stupid sounding single noun (another benefit of quality adjusted life years).