Value Quest Bourse - Glossary: Value

Glossary

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VALUE

The regard that something is held useful, important and precious, or the worth of something measured by the price paid or asked for it.

Recommended artwork
enlarge image VQ The Golden Card (code number ART: 0000 0003 1109 1102), made by Urtica, 2011
(c) 2010 Urtica

The allegorical use of gold (mythic metal) juxtaposed with plastic (cheap synthetic material) questions on a notion of “commodity fetishism” and the relation between item’s commodity value and its symbolic value. The VQ Golden Card serves as a deposit of value and a medium that connects people. Its symbol is a bird inspired by an ancient Persian poem Bird Parliament (1177).

An example in the ARTS -> "Nowadays people know the price of everything and value of nothing" (1)

“VQ The Golden Card is designed for artistic use only. Each card contains one of numerous answers to the question what is Value?

The answer is coded as the combination of four-digit sequences each of which represents a certain letter. The first two digits of the sequence determine weather the letter is vowel, consonant or semivowel, while the second two digits indicate the letters’ frequency based on Linotype machines letters’ frequency order.

A cardowner is the only one to know the coded information, therefore it is up to her/him to keep it safe or not. Any disclosure of the information to the third party might result in exchange of views. For the efficiency of the system we kindly encourage the cardowner to share it with her/his friends. Let’s be in quest of the value.” (2)

REF 1 -> Oscar Wilde, The Picture of Dorian Gray, 1890

REF 2 -> An inscription on the back of VQ The Golden Card, created by Urtica, art and media research group.

ADAPTABILITY: Learn from experience and adjust to new circumstances or environment.
ART: A creative mental or physical activity done by artist in order to produce an artwork.
ART by UNESCO (1980): UNESCO Member States recognise that “art reflects, preserves and enriches the cultural identity and spiritual heritage of the various societies, constitutes a universal form of expression and communication and, as a common denominator in ethnic, cultural or religious differences, brings home to everyone the sense of belonging to the human community, should accordingly, and for these purposes, ensure that the population as a whole has access to art.”
ARTIST: A liable agent of the art who produces artworks as a profession or hobby.
ARTIST by UNESCO (1980): Implies “any person who creates or gives creative expression to, or re-creates works of art, who considers his artistic creation to be an essential part of his life, who contributes in this way to the development of art and culture and who is or asks to be recognised as an artist, whether or not he is bound by any relations of employment or association.”
ASSET: A resource with economic value owned by an individual, corporation, or country, that might provide benefit in the future. This includes cash, stocks, bonds, equipment, buildings, real estate, etc.
AUTONOMY: The condition of self-government. The autonomy of an individual or organisation depends on access to resources in the environment and competition for them.
ACTOR-ENVIRONMENT MODEL: Two dominant paradigms includes: natural selection model, focused on survival and environmental selection; and political economy model or resource dependence model, focused on strategic choice and adaptation to the environment.