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The Nature of ValueHow to Invest in the Adaptive Economy$
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Nick Gogerty

Print publication date: 2014

Print ISBN-13: 9780231162449

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231162449.001.0001

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(p.317) Chapter Sixteen Conclusion
The Nature of Value

Nick Gogerty

Columbia University Press

This concluding chapter argues that, driven by the engine of energy, knowledge, and competition, evolution's economies will continue to deliver more value to customers as organizations continue to innovate and create knowledge. As each fresh ino is expressed, the economy adapts new forms and capabilities for improving our condition. The increasing material wealth produced by this process is no guarantee for cultural progress or a sustainable equitable future, for those matters lie beyond economy. But material wealth and progress do provide more choices for how we treat each other and the most vulnerable among us. The remainder of the chapter discusses how capital allocation is the quest for truth over the horizon.

Keywords:   value, energy, knowledge, competition, evolution, capital allocation, truth

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