Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. The principle of scarcity (not to be confused with the state of […]
A typical defense of capitalism is that profit is always nearly, or according to some unfortunate Koch-heads, perfectly, aligned with ethics, or is otherwise in some way naturally beneficent. The […]
With Snapchat now being valued up to $19 billion, equal to the total wealth of Ethiopia, the way we define “value” in contemporary society seems increasingly nonsensical. Our conflation of […]
Products and services are valued most rationally according to their centrality* to people.
This is a preview of the introductory section to my book:
Transferics is concerned with the actual and potential movements (transfers) of resources. A transfer can be modeled and visualized graphically, which provides an established way to analyze transfers in detail. […]
I know I haven’t posted in a while and I apologize to anyone who follows this blog. I promise I haven’t abandoned this, but I have been getting more active […]
Graph Theory Economics Here is an article I wrote for the VIAAC wiki on the use of graph theory in VIAAC theory and natural economics.
A recent article by Charles Hugh Smith describes how banks have become obsolete, and how they might be replaced in today’s high-tech world. It has gotten me thinking the last […]