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> There are any number of "values."  
> Rod Hay 
 
I understand that to be exactly the point.  Value is human perception.  Not 
the ecumenist's or appraiser's perception but the economic actor's.  Don't 
analyst's stand aside and look at those actors?  The actors "invent" their 
criteria as well as interact with their world.  Analysts are describing or 
forecasting the actions and perceptions of others, not developing a reality 
to which others will adhere. 
 
All the major appraisal standards, world wide, require the appraiser to 
define the specific type of value, the rights and interests involved, a 
specific date and the purpose and use of the opinion as a first step in 
every appraisal. 
 
Scott Cullen 
 
 
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