Editing Local value

'''Local value''' is a vague concept describing that motivates us to prefer to [[buy local]].  We see it as a [[price premium]] that people will pay to buy a local good over an import.  ''See [[import substitution]] for more on exploiting this as a strategy.''  However, for some people local value is near zero.

When it exists, it is probably a hard-to-untangle combination of [[moral value]]s shared by people who live nearby, long-term [[price value]]s (knowing that we gain access to a steadier cheaper supply of something if we buy from those who live and work nearby), and [[ecological value]] (preferring not to buy things that use too much [[transport]] [[energy]] or come from so far away that we can't investigate how they were made).

It is associated to the source's physically closeness to us and their ability to protect what we [[value]] emotionally, e.g. local food sources might be more trustworthy to us because we know that we are not exposing our [[children]] to more harm than they would normally encounter in their environment (note that this applies in both very pure and very [[pollution|polluted environments]]). It is also important to preserve [[local economy]] and rare [[local food]] stuffs, e.g. [[Slow Food]] movement.