Interview with Paul MacKay

Paul MacKay is an economist who promotes the concept of anthroposophy. He believes that resources should be given value based on how people make use of them, as opposed to having value by themselves, since they exist independent of human work and ingenuity. He also thinks that the economy would be healthier if there were less focus on "virtual value," which is value created in terms other than human labor and intelligence. Virtual value is displayed by things such as the stock market and high prices for natural resources. MacKay believes more of this money should be used to fund more tangible needs, like education and research.