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Money, Ethics, and Goodwill
Money serves as the medium of exchange to procure
material goods, products, and services. However, it has its
limitations and is inadequate to express one's gratitude in
the context of human relationships, in the context of having
received that which cannot be measured, nor quantified; for
example, love and affection, knowledge, wisdom, guidance,
etc. When the payer feels that one is paying less money than
the worth of the products or services that one has received
and the payee feels that one has received more money than
the worth of the products or services delivered, then such a
transaction can be seen as having created a surplus of good-
will between the entities involved and is conducive for better
relationships. Since it is quite difficult to assign the precise
monetary value for material goods (in the broader context of
international currency value fluctuations as well as variations
in production costs, etc.), surplus of good-will is imperative
for a healthy monetary transaction, especially when the
transaction amount involved is significant. That said,
charitable donations towards societal causes are one of the
ways to potentially address the undesirable gap between
amount paid and the value received.
In formal business transactions, one is rigorous about book-
keeping and issuing receipts while informal business
transactions thrive on trust and good-will, and are perhaps
better suited for difficult-to-measure ethical value
contribution. A transaction can be seen as being ethical when
it is in the best longer term interests, resulting in an overall
surplus of good-will and a reduction of trust deficit at the
levels of both the individual entities and the society at large.
Financial records being in 'order' need not mean that the
transactions have been ethical, just as absence of formal
records need not mean that the transactions have been
unethical. Since 'good-will' and 'trust' are subjective, the
judgement on the ethical-ity of transactions is highly
dependent on the maturity of the individual(s) passing such
judgement(s). That said, the practices and wisdom of Yoga
help one attain higher levels of maturity over time.

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Money

  • 1. Money, Ethics, and Goodwill Money serves as the medium of exchange to procure material goods, products, and services. However, it has its limitations and is inadequate to express one's gratitude in the context of human relationships, in the context of having received that which cannot be measured, nor quantified; for example, love and affection, knowledge, wisdom, guidance, etc. When the payer feels that one is paying less money than the worth of the products or services that one has received and the payee feels that one has received more money than the worth of the products or services delivered, then such a transaction can be seen as having created a surplus of good- will between the entities involved and is conducive for better relationships. Since it is quite difficult to assign the precise monetary value for material goods (in the broader context of international currency value fluctuations as well as variations in production costs, etc.), surplus of good-will is imperative
  • 2. for a healthy monetary transaction, especially when the transaction amount involved is significant. That said, charitable donations towards societal causes are one of the ways to potentially address the undesirable gap between amount paid and the value received. In formal business transactions, one is rigorous about book- keeping and issuing receipts while informal business transactions thrive on trust and good-will, and are perhaps better suited for difficult-to-measure ethical value contribution. A transaction can be seen as being ethical when it is in the best longer term interests, resulting in an overall surplus of good-will and a reduction of trust deficit at the levels of both the individual entities and the society at large. Financial records being in 'order' need not mean that the transactions have been ethical, just as absence of formal records need not mean that the transactions have been unethical. Since 'good-will' and 'trust' are subjective, the judgement on the ethical-ity of transactions is highly dependent on the maturity of the individual(s) passing such judgement(s). That said, the practices and wisdom of Yoga help one attain higher levels of maturity over time.