Sublime

Value is subjective, which means uncertainty governs all economic phenomena.

Fairness is a function of effort and effort is shown through transparency.

The labour theory of value has two aspects, one ethical, the other economic. That is to say, it may assert that the value of a product ought to be proportional to the labour expended on it, or that in fact the labour regulates the price. The latter doctrine is only approximately true, as Locke recognizes. Nine tenths of value, he says, is due to

Values aren’t about words. They are found in watching what people actually do with their lives, where they invest their time, energy, and focus.

Regardless of how exactly one generates theories of other people's minds, it's clear that these theories profoundly affect moral decisions. Look, for example, at the ultimatum game, a staple of experimental economics. The rules of the game are simple, if a little bit unfair: an experimenter pairs two people together, and hands one of them ten

Value = Time × Reward/Risk