As an expert in the field of economics and finance, I often find myself contemplating the intricate question of the world's value. It's a question that encompasses a multitude of factors, from tangible assets to intangible values, and from economic wealth to cultural significance. The value of the world is not just a financial figure; it's a complex interplay of resources, human capital, and the potential for future development.

When we consider the value of the world, we must first acknowledge that it is a multifaceted concept. It includes the physical wealth of the planet, such as natural resources, infrastructure, and technology. It also includes financial wealth, which can be measured in various ways, including the money supply, gross domestic product (GDP), and market capitalization of companies. Furthermore, there's the human capital, which refers to the skills, knowledge, and health of the population. And let's not forget the cultural and social value, which includes the collective heritage, arts, and the societal structures that give meaning to our lives.

Now, referring to the specific figure mentioned, "broad money", which is a term that encompasses not just physical currency but also money held in easily accessible accounts, the number was about $90.4 trillion as of November 28, 2017. This figure is a snapshot of the global money supply, which is a significant part of the world's financial wealth. However, it's important to note that this is just one aspect of the world's value and does not capture the full scope of its worth.

The global money supply is a dynamic figure that changes with economic activity, inflation, and monetary policy. It includes M2 money supply, which consists of cash, checking deposits, and easily-convertible near money. This broad measure of money is often used as an indicator of a country's economic health and its potential for future growth.

When assessing the value of the world, we must also consider the economic output, which is typically measured by GDP. This figure represents the total value of goods and services produced in a country or globally within a certain time period. It's a crucial metric for understanding the economic performance and standard of living.

Additionally, the value of the world is greatly influenced by human capital. This includes the education, skills, and health of the population, which are essential for driving innovation, productivity, and economic growth. Investment in human capital is one of the most significant investments a society can make, as it leads to a more skilled and productive workforce.

The cultural and social value of the world is perhaps the most intangible but equally important aspect. It includes the richness of our cultural heritage, the diversity of our societies, and the social structures that support our well-being. This value is not quantifiable in monetary terms but is essential for the quality of life and the overall happiness of the global population.

In conclusion, the value of the world is a complex and multi-dimensional concept that goes far beyond a single financial figure. It involves a careful consideration of physical wealth, financial wealth, human capital, and cultural and social value. While the global money supply provides a glimpse into the financial aspect of the world's value, it is only one piece of a much larger and more intricate puzzle.

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If you're looking at --broad money,-- which isn't just physical money and includes any money held in easily accessible accounts, the number is about $90.4 trillion.Nov 28, 2017read more >>