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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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