SUMMARY: I calculated that the value of an hour spent with a friend, in Canada, is: $679.84.
Nattavudh Powdthavee of the University of London similarly presents in a research paper that the quality of friendships is worth upto £85,000 ($143,000 Canadian) per capita annually!
As someone who has studied Economics at university – I carried out 40 plus experiments over past 10 years, since 2007, to determine the ideal model of economy. The truth, as I learnt, is simple but obscured by complexities:
Friendship bonds act in EXACTLY the same way as the Treasury bonds money is based on. Here is a comparison between the two modalities:
Investment > Treasury bond > Interest.
Gifting > Friendship bond > Goodwill.
Gifting can take many forms, it doesn’t necessarily have to be monetary. You can gift:
a) a COMPLIMENT,
b) your MANNER (such as smiling),
c) your APPRECIATION (e.g. sharing the same interest as someone else),
d) your SKILL (making music, or speaking well