The Translating Economist

Tag: value

  • Why Can’t I Raise My Rates?

    —

    by

    Translating Economist
    in

    An Introduction to the Economics of Language Services* For millennia, humans have struggled with the concept of value. Why are some things more valuable than others? Who decides? Why, Plato pondered, are rare things so valuable, when others, like water, are not? Scottish philosopher Adam Smith, in his seminal work, Wealth of Nations, formalized this…