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Beliefs About Money

Money is everything. This common phrase summarizes both the ubiquity of money and the complexity of its meaning. The instrumental meaning of money is that it is a tangible object whose fixed value is set by social consensus. There are many symbolic meanings of money, including power, freedom, achievement, and status. Beliefs about money depend on the form of money, where it comes from, where it is going, and who is involved in the process. Beliefs about the limits of money reveal the value of certain domains, such as love, family, and human lives.

Instrumental and Symbolic Meanings

Money has both instrumental and symbolic meanings. In brief, the instrumental meaning is the concrete valuation of goods or services, and the symbolic meaning is everything other than that. ...

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